This page reflects CC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — CC
Data as of market close May 21, 2026
Nearest listed expiration 2026-05-22 shows max pain at $24.00 (2.56 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$24.00
Nearest expiry
Expected Move
±$0.75
±3.5%
Days to Expiry
1
Calendar days
Total Call OI
1,534
Nearest expiry
Total Put OI
1,110
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$21.44
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
$21.00
5/8/2026, 11:08:35 PM
2026-05-15
$24.50
5/15/2026, 11:08:46 PM
2026-05-22NextUpdated
$24.00
5/21/2026, 11:08:49 PM
2026-05-29
$25.00
5/21/2026, 11:08:49 PM
2026-06-05
$25.00
5/21/2026, 11:08:49 PM
2026-06-12
$23.50
5/21/2026, 11:08:49 PM
2026-06-18
$18.00
5/21/2026, 11:08:49 PM
2026-06-26
$23.00
5/21/2026, 11:08:49 PM
2026-07-17
$17.00
5/21/2026, 11:08:49 PM
2026-10-16
$21.00
5/21/2026, 11:08:49 PM
2027-01-15
$15.00
5/21/2026, 11:08:49 PM
Selected expiration: 2026-05-22 at max pain $24.00.
CC pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
12
0
949900
949900
13
5100
839200
844300
14
12900
729100
742000
15
20700
620200
640900
16
28500
512000
540500
16.5
32400
461650
494050
17
36300
415000
451300
17.5
40200
369950
410150
18
44100
327650
371750
18.5
48000
287650
335650
19
52000
249700
301700
19.5
56000
218050
274050
20
60100
187550
247650
20.5
64200
159650
223850
21
68300
132450
200750
21.5
72500
108850
181350
22
76700
86800
163500
22.5
80900
64900
145800
23
85950
43650
129600
23.5
91550
33750
125300
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.