This page reflects CCI 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 — CCI
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $85.00 (7.64 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$6.67
±7.2%
Days to Expiry
29
Calendar days
Total Call OI
7,007
Nearest expiry
Total Put OI
3,394
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$92.64
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
$82.50
4/17/2026, 11:02:36 PM
2026-05-15
$85.00
5/15/2026, 11:04:18 PM
2026-06-18NextUpdated
$85.00
5/20/2026, 11:07:43 PM
2026-07-17
$85.00
5/20/2026, 11:07:43 PM
2026-09-18
$85.00
5/20/2026, 11:07:43 PM
2026-10-16
$90.00
5/20/2026, 11:07:43 PM
2026-12-18
$90.00
5/20/2026, 11:07:43 PM
2027-01-15
$87.50
5/20/2026, 11:07:43 PM
2027-03-19
$85.00
5/20/2026, 11:07:43 PM
Selected expiration: 2026-06-18 at max pain $85.00.
CCI pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
9271250
9271250
60
0
7575250
7575250
65
0
5879250
5879250
70
0
4238250
4238250
72.5
3000
3513000
3516000
75
6000
2800500
2806500
77.5
9500
2205750
2215250
80
28000
1677250
1705250
82.5
66500
1274000
1340500
85
112750
941500
1054250
87.5
350500
735000
1085500
90
659250
567750
1227000
92.5
1209000
434000
1643000
95
1939250
316250
2255500
97.5
3050000
215250
3265250
100
4349000
150000
4499000
105
7362500
52500
7415000
110
10665000
0
10665000
115
14062500
0
14062500
120
17487500
0
17487500
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.