This page reflects COCO 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 — COCO
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $60.00 (17.88 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$3.90
±5.0%
Days to Expiry
29
Calendar days
Total Call OI
484
Nearest expiry
Total Put OI
291
Nearest expiry
P/C OI Ratio
0.60
Put-heavy
Spot Price
$77.88
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
$45.00
4/17/2026, 11:08:16 PM
2026-05-15
$45.00
5/15/2026, 11:09:46 PM
2026-06-18NextUpdated
$60.00
5/20/2026, 11:08:37 PM
2026-07-17
$60.00
5/20/2026, 11:08:37 PM
2026-10-16
$65.00
5/20/2026, 11:08:37 PM
2026-12-18
$35.00
5/20/2026, 11:08:37 PM
2027-01-15
$55.00
5/20/2026, 11:08:37 PM
Selected expiration: 2026-06-18 at max pain $60.00.
COCO pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
394500
394500
40
0
271500
271500
45
500
175000
175500
50
2500
120500
123000
55
21000
84500
105500
60
42000
51000
93000
65
69000
24500
93500
70
163500
11000
174500
75
307500
0
307500
80
484500
0
484500
85
692500
0
692500
90
933000
0
933000
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.