This page reflects DE 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 — DE
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $570.00 (9.54 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$570.00
Nearest expiry
Expected Move
±$30.20
±5.4%
Days to Expiry
2
Calendar days
Total Call OI
2,851
Nearest expiry
Total Put OI
3,725
Nearest expiry
P/C OI Ratio
1.31
Put-heavy
Spot Price
$560.46
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$585.00
5/8/2026, 11:11:19 PM
2026-05-15
$570.00
5/15/2026, 11:12:43 PM
2026-05-22NextUpdated
$570.00
5/20/2026, 11:09:54 PM
2026-05-29
$580.00
5/20/2026, 11:09:54 PM
2026-06-05
$570.00
5/20/2026, 11:09:54 PM
2026-06-12
$570.00
5/20/2026, 11:09:54 PM
2026-06-18
$550.00
5/20/2026, 11:09:54 PM
2026-06-26
$575.00
5/20/2026, 11:09:54 PM
2026-07-17
$560.00
5/20/2026, 11:09:54 PM
2026-09-18
$570.00
5/20/2026, 11:09:54 PM
2026-12-18
$520.00
5/20/2026, 11:09:54 PM
2027-01-15
$500.00
5/20/2026, 11:09:54 PM
2027-02-19
$660.00
5/20/2026, 11:09:54 PM
2027-03-19
$580.00
5/20/2026, 11:09:54 PM
Selected expiration: 2026-05-22 at max pain $570.00.
DE pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
310
0
77762000
77762000
400
0
46163000
46163000
430
0
35717000
35717000
460
0
25304000
25304000
465
0
23574500
23574500
470
0
21883500
21883500
475
0
20213500
20213500
480
0
18553500
18553500
485
0
16955500
16955500
487.5
0
16161750
16161750
490
0
15405500
15405500
492.5
750
14686250
14687000
495
1750
13968000
13969750
497.5
3250
13253250
13256500
500
4750
12553750
12558500
502.5
8250
11881250
11889500
505
13000
11208750
11221750
507.5
19750
10536750
10556500
510
27000
9866000
9893000
512.5
35000
9216000
9251000
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.