This page reflects D 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 — D
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $60.00 (7.73 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
±$3.52
±5.2%
Days to Expiry
29
Calendar days
Total Call OI
19,768
Nearest expiry
Total Put OI
14,225
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$67.73
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
$60.00
4/17/2026, 11:12:09 PM
2026-05-15
$62.50
5/15/2026, 11:10:44 PM
2026-06-18NextUpdated
$60.00
5/20/2026, 11:11:59 PM
2026-07-17
$62.50
5/20/2026, 11:11:59 PM
2026-09-18
$60.00
5/20/2026, 11:11:59 PM
2026-10-16
$62.50
5/20/2026, 11:11:59 PM
2026-12-18
$60.00
5/20/2026, 11:11:59 PM
2027-01-15
$60.00
5/20/2026, 11:11:59 PM
2027-03-19
$62.50
5/20/2026, 11:11:59 PM
Selected expiration: 2026-06-18 at max pain $60.00.
D pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
45878250
45878250
27.5
0
42329750
42329750
30
0
38785750
38785750
32.5
250
35247500
35247750
35
500
31710250
31710750
37.5
1000
28192000
28193000
40
3250
24675250
24678500
42.5
5750
21185500
21191250
45
8250
17703000
17711250
47.5
10750
14454000
14464750
50
21500
11260500
11282000
52.5
45500
8272750
8318250
55
186500
5553750
5740250
57.5
418250
3177250
3595500
60
1258750
1175250
2434000
62.5
2313750
235250
2549000
65
3881250
42250
3923500
67.5
6438500
8250
6446750
70
9721750
1250
9723000
72.5
14159750
250
14160000
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.