Nearest listed expiration 2026-05-22 shows max pain at $192.50 (1.21 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$192.50
Nearest expiry
Expected Move
±$8.47
±4.4%
Days to Expiry
2
Calendar days
Total Call OI
111,043
Nearest expiry
Total Put OI
52,011
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$191.29
Published close
Consensus
8.0/10
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
$187.50
5/8/2026, 11:09:38 PM
2026-05-15
$197.50
5/15/2026, 11:10:45 PM
2026-05-22NextUpdated
$192.50
5/20/2026, 11:04:17 PM
2026-05-29
$192.50
5/20/2026, 11:04:17 PM
2026-06-05
$185.00
5/20/2026, 11:04:17 PM
2026-06-12
$195.00
5/20/2026, 11:04:17 PM
2026-06-18
$200.00
5/20/2026, 11:04:17 PM
2026-06-26
$200.00
5/20/2026, 11:04:17 PM
2026-07-17
$190.00
5/20/2026, 11:04:17 PM
2026-08-21
$200.00
5/20/2026, 11:04:17 PM
2026-09-18
$230.00
5/20/2026, 11:04:17 PM
2026-10-16
$200.00
5/20/2026, 11:04:17 PM
2026-11-20
$200.00
5/20/2026, 11:04:17 PM
2026-12-18
$220.00
5/20/2026, 11:04:17 PM
2027-01-15
$200.00
5/20/2026, 11:04:17 PM
2027-02-19
$180.00
5/20/2026, 11:04:17 PM
2027-03-19
$210.00
5/20/2026, 11:04:17 PM
2027-04-16
$220.00
5/20/2026, 11:04:17 PM
Selected expiration: 2026-05-22 at max pain $192.50.
COIN pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
612069150
612069150
45
4500
586336650
586341150
50
10500
560643650
560654150
55
23500
535001650
535025150
60
46000
509368150
509414150
65
78000
483749150
483827150
70
132000
458144150
458276150
75
210000
433313150
433523150
80
306000
408596650
408902650
85
422000
383890650
384312650
90
543000
359284650
359827650
95
755000
335989650
336744650
100
1013500
312753650
313767150
105
1285500
289961150
291246650
110
1567500
267515650
269083150
115
1864000
246617650
248481650
120
2184000
226073150
228257150
125
2525500
205758150
208283650
130
2888000
185968650
188856650
135
3269500
166734150
170003650
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.