This page reflects CR 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 — CR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $170.00 (3.41 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$170.00
Nearest expiry
Expected Move
±$16.70
±9.6%
Days to Expiry
29
Calendar days
Total Call OI
2,413
Nearest expiry
Total Put OI
1,980
Nearest expiry
P/C OI Ratio
0.82
Put-heavy
Spot Price
$173.41
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
$180.00
4/17/2026, 11:10:47 PM
2026-05-15
$175.00
5/15/2026, 11:12:06 PM
2026-06-18NextUpdated
$170.00
5/20/2026, 11:08:33 PM
2026-07-17
$145.00
5/20/2026, 11:08:33 PM
2026-08-21
$175.00
5/20/2026, 11:08:33 PM
2026-09-18
$170.00
5/20/2026, 11:08:33 PM
2026-11-20
$160.00
5/20/2026, 11:08:33 PM
2026-12-18
$195.00
5/20/2026, 11:08:33 PM
Selected expiration: 2026-06-18 at max pain $170.00.
CR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
115
0
9611000
9611000
120
0
8621500
8621500
125
0
7632500
7632500
130
0
6646000
6646000
135
0
5661000
5661000
140
0
4676500
4676500
145
0
3706000
3706000
150
0
2786000
2786000
155
500
1868500
1869000
160
1500
965000
966500
165
55000
151000
206000
170
108500
76500
185000
175
162000
55000
217000
180
247000
34500
281500
185
723000
14500
737500
190
1514500
12000
1526500
195
2353500
10500
2364000
200
3196000
9000
3205000
210
4913000
6000
4919000
220
6642000
3000
6645000
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.