This page reflects CVS 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 — CVS
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $95.00 (1.72 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$1.81
±1.9%
Days to Expiry
2
Calendar days
Total Call OI
9,424
Nearest expiry
Total Put OI
7,201
Nearest expiry
P/C OI Ratio
0.76
Put-heavy
Spot Price
$93.28
Published close
Consensus
-
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
$81.00
5/8/2026, 11:11:17 PM
2026-05-15
$77.50
5/15/2026, 11:12:55 PM
2026-05-22NextUpdated
$95.00
5/20/2026, 11:09:22 PM
2026-05-29
$83.00
5/20/2026, 11:09:22 PM
2026-06-05
$83.00
5/20/2026, 11:09:22 PM
2026-06-12
$87.00
5/20/2026, 11:09:22 PM
2026-06-18
$75.00
5/20/2026, 11:09:22 PM
2026-06-26
$92.00
5/20/2026, 11:09:22 PM
2026-07-17
$95.00
5/20/2026, 11:09:22 PM
2026-08-21
$85.00
5/20/2026, 11:09:22 PM
2026-09-18
$72.50
5/20/2026, 11:09:22 PM
2026-11-20
$85.00
5/20/2026, 11:09:22 PM
2026-12-18
$57.50
5/20/2026, 11:09:22 PM
2027-01-15
$70.00
5/20/2026, 11:09:22 PM
2027-03-19
$87.50
5/20/2026, 11:09:22 PM
Selected expiration: 2026-05-22 at max pain $95.00.
CVS pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
22298000
22298000
62
0
20858400
20858400
63
0
20138800
20138800
64
0
19421600
19421600
65
0
18705000
18705000
66
0
17989100
17989100
67
0
17275500
17275500
68
0
16563600
16563600
69
0
15854500
15854500
70
100
15169900
15170000
71
1900
14493500
14495400
72
3700
13822400
13826100
73
5500
13152600
13158100
74
10100
12484600
12494700
75
15700
11817200
11832900
76
26100
11151000
11177100
77
39400
10485600
10525000
78
57800
9822100
9879900
79
80000
9162300
9242300
80
104600
8503700
8608300
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.