The Cheesecake Factory IncorporClose $60.30EOD only
Max Pain
$60.00
Next expiry Jun 18, 2026
Expected Move
±$4.95
8.2% from close
Price Gap
-0.30
Distance to max pain
IV Rank
0
Low premium
P/C OI
0.51
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects CAKE 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 — CAKE
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $60.00 (0.30 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$4.95
±8.2%
Days to Expiry
29
Calendar days
Total Call OI
900
Nearest expiry
Total Put OI
339
Nearest expiry
P/C OI Ratio
0.38
Put-heavy
Spot Price
$60.30
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
$55.00
4/17/2026, 11:02:52 PM
2026-05-15
$67.50
5/15/2026, 11:07:00 PM
2026-06-18NextUpdated
$60.00
5/20/2026, 11:07:18 PM
2026-07-17
$55.00
5/20/2026, 11:07:18 PM
2026-10-16
$55.00
5/20/2026, 11:07:18 PM
2027-01-15
$50.00
5/20/2026, 11:07:18 PM
Selected expiration: 2026-06-18 at max pain $60.00.
CAKE pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
582000
582000
42.5
0
499000
499000
45
0
416500
416500
47.5
0
334500
334500
50
0
253000
253000
52.5
250
177000
177250
55
6500
107000
113500
57.5
14750
61500
76250
60
25750
39500
65250
62.5
47250
27250
74500
65
93750
16500
110250
67.5
185750
8250
194000
70
345000
0
345000
75
763500
0
763500
80
1186500
0
1186500
85
1610000
0
1610000
90
2059500
0
2059500
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.