This page reflects DD 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 — DD
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $50.00 (2.75 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$3.70
±7.8%
Days to Expiry
29
Calendar days
Total Call OI
12,007
Nearest expiry
Total Put OI
4,824
Nearest expiry
P/C OI Ratio
0.40
Put-heavy
Spot Price
$47.25
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
$45.00
4/17/2026, 11:09:31 PM
2026-05-15
$50.00
5/15/2026, 11:11:41 PM
2026-06-18NextUpdated
$50.00
5/20/2026, 11:09:56 PM
2026-07-17
$50.00
5/20/2026, 11:09:56 PM
2026-08-21
$50.00
5/20/2026, 11:09:56 PM
2026-09-18
$52.50
5/20/2026, 11:09:56 PM
2026-10-16
$47.50
5/20/2026, 11:09:56 PM
2026-12-18
$42.50
5/20/2026, 11:09:56 PM
2027-01-15
$67.50
5/20/2026, 11:09:56 PM
2027-03-19
$40.00
5/20/2026, 11:09:56 PM
Selected expiration: 2026-06-18 at max pain $50.00.
DD pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
14588750
14588750
25
0
12358250
12358250
27.5
0
11243000
11243000
30
0
10128000
10128000
32.5
0
9015750
9015750
35
0
7917500
7917500
37.5
5750
6838250
6844000
40
13500
5806750
5820250
42.5
123500
4891500
5015000
45
249250
4022750
4272000
47.5
493000
3402250
3895250
50
901000
2831750
3732750
52.5
1587500
2293000
3880500
55
2741250
1944750
4686000
57.5
4009000
1597750
5606750
60
5435500
1250750
6686250
62.5
6920250
924250
7844500
65
8407500
616000
9023500
67.5
9894750
358000
10252750
70
11389750
164500
11554250
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.