Check Point Software TechnologiClose $128.33EOD only
Max Pain
$125.00
Next expiry Jun 18, 2026
Expected Move
±$11.20
8.7% from close
Price Gap
-3.33
Distance to max pain
IV Rank
1
Low premium
P/C OI
0.71
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects CHKP 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 — CHKP
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $125.00 (3.33 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$125.00
Nearest expiry
Expected Move
±$11.20
±8.7%
Days to Expiry
29
Calendar days
Total Call OI
3,357
Nearest expiry
Total Put OI
2,485
Nearest expiry
P/C OI Ratio
0.74
Put-heavy
Spot Price
$128.33
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
$140.00
4/17/2026, 11:06:25 PM
2026-05-15
$120.00
5/15/2026, 11:07:29 PM
2026-06-18NextUpdated
$125.00
5/20/2026, 11:03:56 PM
2026-07-17
$145.00
5/20/2026, 11:03:56 PM
2026-10-16
$135.00
5/20/2026, 11:03:56 PM
2026-12-18
$170.00
5/20/2026, 11:03:56 PM
2027-01-15
$110.00
5/20/2026, 11:03:56 PM
Selected expiration: 2026-06-18 at max pain $125.00.
CHKP pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
6592500
6592500
90
0
5351000
5351000
95
0
4132500
4132500
100
0
2940000
2940000
105
40000
1771000
1811000
110
80500
1235500
1316000
115
126500
760500
887000
120
224000
350500
574500
125
438000
46000
484000
130
789500
14500
804000
135
1286500
8500
1295000
140
2409000
5500
2414500
145
3560500
3500
3564000
150
5228000
1500
5229500
155
6899000
0
6899000
160
8571000
0
8571000
165
10246500
0
10246500
170
11923500
0
11923500
180
15279500
0
15279500
195
20313500
0
20313500
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.