This page reflects CAPR 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 — CAPR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $29.00 (0.01 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$29.00
Nearest expiry
Expected Move
±$4.72
±16.3%
Days to Expiry
29
Calendar days
Total Call OI
14,088
Nearest expiry
Total Put OI
8,101
Nearest expiry
P/C OI Ratio
0.58
Put-heavy
Spot Price
$29.01
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
$25.00
4/17/2026, 11:07:20 PM
2026-05-15
$33.00
5/15/2026, 11:07:13 PM
2026-06-18NextUpdated
$29.00
5/20/2026, 11:04:06 PM
2026-07-17
$25.00
5/20/2026, 11:04:06 PM
2026-08-21
$30.00
5/20/2026, 11:04:06 PM
2026-09-18
$30.00
5/20/2026, 11:04:06 PM
2026-12-18
$30.00
5/20/2026, 11:04:06 PM
2027-01-15
$7.50
5/20/2026, 11:04:06 PM
Selected expiration: 2026-06-18 at max pain $29.00.
CAPR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
19522000
19522000
2
200
18719200
18719400
3
800
17916900
17917700
4
1500
17118500
17120000
5
2200
16320100
16322300
6
3000
15553800
15556800
8
4800
14021600
14026400
9
5700
13297200
13302900
10
7100
12573300
12580400
11
13700
11859500
11873200
12
20300
11147000
11167300
13
58900
10442900
10501800
14
112300
9742100
9854400
15
165800
9042400
9208200
17
671000
7702400
8373400
18
923600
7033600
7957200
19
1176200
6364800
7541000
20
1428800
5696300
7125100
21
1707000
5034500
6741500
22
1985700
4398000
6383700
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.