This page reflects DAR 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 — DAR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $62.50 (3.52 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$62.50
Nearest expiry
Expected Move
±$5.75
±9.8%
Days to Expiry
29
Calendar days
Total Call OI
1,477
Nearest expiry
Total Put OI
1,913
Nearest expiry
P/C OI Ratio
1.30
Put-heavy
Spot Price
$58.98
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
$55.00
4/17/2026, 11:09:36 PM
2026-05-15
$60.00
5/15/2026, 11:12:51 PM
2026-06-18NextUpdated
$62.50
5/20/2026, 11:10:31 PM
2026-07-17
$47.50
5/20/2026, 11:10:31 PM
2026-10-16
$57.50
5/20/2026, 11:10:31 PM
2027-01-15
$35.00
5/20/2026, 11:10:31 PM
Selected expiration: 2026-06-18 at max pain $62.50.
DAR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
4100750
4100750
37.5
0
3623000
3623000
40
250
3145250
3145500
42.5
750
2674250
2675000
45
1250
2209750
2211000
47.5
2250
1745250
1747500
50
3250
1366250
1369500
52.5
4750
995500
1000250
55
11500
626500
638000
57.5
19000
327250
346250
60
35500
176250
211750
62.5
68750
64000
132750
65
130000
25500
155500
67.5
306500
11250
317750
70
502250
0
502250
75
1026250
0
1026250
80
1726250
0
1726250
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.