This page reflects DAN 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 — DAN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $32.00 (1.88 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$32.00
Nearest expiry
Expected Move
±$3.25
±9.6%
Days to Expiry
29
Calendar days
Total Call OI
1,379
Nearest expiry
Total Put OI
422
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$33.88
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
$35.00
4/17/2026, 11:09:50 PM
2026-05-15
$36.00
5/15/2026, 11:12:42 PM
2026-06-18NextUpdated
$32.00
5/20/2026, 11:08:49 PM
2026-08-21
$28.00
5/20/2026, 11:08:49 PM
2026-09-18
$32.00
5/20/2026, 11:08:49 PM
2026-11-20
$27.00
5/20/2026, 11:08:49 PM
2027-01-15
$25.00
5/20/2026, 11:08:49 PM
2027-02-19
$25.00
5/20/2026, 11:08:49 PM
Selected expiration: 2026-06-18 at max pain $32.00.
DAN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
11
0
841400
841400
14
0
715400
715400
18
0
559400
559400
20
200
481400
481600
21
300
442400
442700
22
7900
403500
411400
23
15500
364600
380100
24
23100
325700
348800
25
30800
286900
317700
27
86600
209300
295900
28
115200
170700
285900
29
143900
136800
280700
30
172700
103000
275700
31
202100
70600
272700
32
232700
39400
272100
33
263300
19900
283200
34
296500
14900
311400
35
332400
10500
342900
36
375000
7500
382500
37
418300
4500
422800
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.