This page reflects DAC 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 — DAC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $130.00 (2.82 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$7.55
±5.7%
Days to Expiry
29
Calendar days
Total Call OI
697
Nearest expiry
Total Put OI
754
Nearest expiry
P/C OI Ratio
1.08
Put-heavy
Spot Price
$132.82
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
$105.00
4/17/2026, 11:07:54 PM
2026-05-15
$125.00
5/15/2026, 11:11:10 PM
2026-06-18NextUpdated
$130.00
5/20/2026, 11:09:58 PM
2026-07-17
$100.00
5/20/2026, 11:09:58 PM
2026-10-16
$115.00
5/20/2026, 11:09:58 PM
2026-11-20
$110.00
5/20/2026, 11:09:58 PM
2026-12-18
$110.00
5/20/2026, 11:09:58 PM
Selected expiration: 2026-06-18 at max pain $130.00.
DAC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
3538000
3538000
90
1000
2784000
2785000
100
4000
2030000
2034000
105
5500
1655500
1661000
110
7000
1284000
1291000
115
8500
914000
922500
120
18500
553000
571500
125
44000
257500
301500
130
80000
1500
81500
135
127500
0
127500
140
434000
0
434000
145
771000
0
771000
150
1117500
0
1117500
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.