This page reflects CACI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — CACI
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $550.00 (57.09 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$550.00
Nearest expiry
Expected Move
±$42.75
±8.7%
Days to Expiry
29
Calendar days
Total Call OI
368
Nearest expiry
Total Put OI
346
Nearest expiry
P/C OI Ratio
0.94
Put-heavy
Spot Price
$492.91
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$550.00
4/17/2026, 11:02:40 PM
2026-05-15
$500.00
5/15/2026, 11:08:15 PM
2026-06-18NextUpdated
$550.00
5/20/2026, 11:07:21 PM
2026-07-17
$470.00
5/20/2026, 11:07:21 PM
2026-09-18
$620.00
5/20/2026, 11:07:21 PM
2026-12-18
$560.00
5/20/2026, 11:07:21 PM
Selected expiration: 2026-06-18 at max pain $550.00.
CACI pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
270
0
8097000
8097000
280
0
7761000
7761000
300
0
7089000
7089000
320
0
6417000
6417000
330
1000
6081000
6082000
350
3000
5411000
5414000
360
4000
5079000
5083000
370
5000
4749000
4754000
380
6000
4419000
4425000
390
7000
4095000
4102000
400
11000
3771000
3782000
410
16000
3457000
3473000
420
23000
3143000
3166000
430
32000
2836000
2868000
440
41000
2535000
2576000
450
50000
2240000
2290000
460
66000
1970000
2036000
470
84000
1716000
1800000
480
102000
1472000
1574000
490
121000
1266000
1387000
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.