This page reflects CAR 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 — CAR
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $165.00 (12.20 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$165.00
Nearest expiry
Expected Move
±$7.80
±5.1%
Days to Expiry
2
Calendar days
Total Call OI
15,230
Nearest expiry
Total Put OI
11,190
Nearest expiry
P/C OI Ratio
0.73
Put-heavy
Spot Price
$152.80
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$175.00
5/8/2026, 11:09:08 PM
2026-05-15
$175.00
5/15/2026, 11:08:12 PM
2026-05-22NextUpdated
$165.00
5/20/2026, 11:07:22 PM
2026-05-29
$192.50
5/20/2026, 11:07:22 PM
2026-06-05
$155.00
5/20/2026, 11:07:22 PM
2026-06-12
$170.00
5/20/2026, 11:07:22 PM
2026-06-18
$170.00
5/20/2026, 11:07:22 PM
2026-06-26
$145.00
5/20/2026, 11:07:22 PM
2026-07-17
$145.00
5/20/2026, 11:07:22 PM
2026-08-21
$250.00
5/20/2026, 11:07:22 PM
2026-09-18
$240.00
5/20/2026, 11:07:22 PM
2026-10-16
$380.00
5/20/2026, 11:07:22 PM
2026-11-20
$155.00
5/20/2026, 11:07:22 PM
2026-12-18
$210.00
5/20/2026, 11:07:22 PM
2027-01-15
$240.00
5/20/2026, 11:07:22 PM
Selected expiration: 2026-05-22 at max pain $165.00.
CAR pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
57793850
57793850
90
500
52492350
52492850
95
1500
47210850
47212350
100
3000
42127850
42130850
105
6000
37857350
37863350
106
6800
37030450
37037250
107
7600
36205750
36213350
108
8400
35388650
35397050
109
9200
34579050
34588250
110
10000
33778550
33788550
115
14000
29935550
29949550
117
16000
28415950
28431950
118
17000
27658350
27675350
120
19000
26151950
26170950
121
22200
25412950
25435150
122
25400
24675250
24700650
125
35000
22463950
22498950
126
40500
21801950
21842450
128
51500
20478350
20529850
129
57000
19816750
19873750
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.