This page reflects CDNS 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 — CDNS
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $345.00 (5.89 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$345.00
Nearest expiry
Expected Move
±$10.80
±3.1%
Days to Expiry
2
Calendar days
Total Call OI
1,136
Nearest expiry
Total Put OI
1,388
Nearest expiry
P/C OI Ratio
1.22
Put-heavy
Spot Price
$350.89
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
$337.50
5/8/2026, 11:07:21 PM
2026-05-15
$320.00
5/15/2026, 11:09:52 PM
2026-05-22NextUpdated
$345.00
5/20/2026, 11:07:50 PM
2026-05-29
$340.00
5/20/2026, 11:07:50 PM
2026-06-05
$335.00
5/20/2026, 11:07:50 PM
2026-06-12
$345.00
5/20/2026, 11:07:50 PM
2026-06-18
$300.00
5/20/2026, 11:07:50 PM
2026-06-26
$330.00
5/20/2026, 11:07:50 PM
2026-07-17
$325.00
5/20/2026, 11:07:50 PM
2026-08-21
$335.00
5/20/2026, 11:07:50 PM
2026-09-18
$310.00
5/20/2026, 11:07:50 PM
2026-11-20
$340.00
5/20/2026, 11:07:50 PM
2026-12-18
$300.00
5/20/2026, 11:07:50 PM
2027-01-15
$350.00
5/20/2026, 11:07:50 PM
2027-03-19
$300.00
5/20/2026, 11:07:50 PM
Selected expiration: 2026-05-22 at max pain $345.00.
CDNS pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
180
0
13759750
13759750
185
500
13069750
13070250
190
1500
12384750
12386250
195
2500
11700750
11703250
200
4500
11017250
11021750
205
6500
10334750
10341250
210
8500
9655250
9663750
215
11000
8996750
9007750
220
13500
8350750
8364250
225
16000
7705250
7721250
230
19000
7184750
7203750
240
25000
6248750
6273750
245
28000
5905750
5933750
250
31000
5563250
5594250
255
34500
5222250
5256750
260
38000
4884750
4922750
265
41500
4549250
4590750
270
45000
4223750
4268750
275
48500
3909250
3957750
280
52000
3596250
3648250
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.