This page reflects CSGP 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 — CSGP
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $40.00 (5.99 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$4.17
±12.3%
Days to Expiry
29
Calendar days
Total Call OI
12,950
Nearest expiry
Total Put OI
3,106
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$34.01
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
$40.00
4/17/2026, 11:09:19 PM
2026-05-15
$35.00
5/15/2026, 11:12:18 PM
2026-06-18NextUpdated
$40.00
5/20/2026, 11:09:15 PM
2026-07-17
$40.00
5/20/2026, 11:09:15 PM
2026-09-18
$45.00
5/20/2026, 11:09:15 PM
2026-10-16
$35.00
5/20/2026, 11:09:15 PM
2026-12-18
$45.00
5/20/2026, 11:09:15 PM
2027-01-15
$50.00
5/20/2026, 11:09:15 PM
2027-03-19
$35.00
5/20/2026, 11:09:15 PM
Selected expiration: 2026-06-18 at max pain $40.00.
CSGP pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
4702000
4702000
25
0
3928000
3928000
30
3500
2456500
2460000
35
36000
1335000
1371000
40
429000
656500
1085500
45
1292000
440000
1732000
50
2675500
349000
3024500
55
4377500
300500
4678000
60
6177000
253500
6430500
65
8154500
208000
8362500
70
10308000
171500
10479500
75
15279000
136500
15415500
80
20285000
102000
20387000
85
26041000
68000
26109000
90
32016000
34000
32050000
95
38190000
0
38190000
100
44590500
0
44590500
105
50991000
0
50991000
110
57401500
0
57401500
115
63815500
0
63815500
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.