What is DELL max pain this week?

DELL max pain for the nearest expiration (2026-05-22) is $227.50. Total call open interest: 24,418. Total put open interest: 23,487.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options DELLMax Pain

DELL

Dell Technologies Inc.Close $242.93EOD only

Max Pain

$227.50

Next expiry May 22, 2026

Expected Move

±$11.68

4.8% from close

Price Gap

-15.43

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.22

Slightly put-heavy

Consensus

4/4

Partial coverage

Published snapshot: May 20, 2026 close

End-of-day snapshot

This page reflects DELL 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 — DELL

Data as of market close May 20, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-05-22 shows max pain at $227.50 (15.43 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$227.50

Nearest expiry

Expected Move

±$11.68

±4.8%

Days to Expiry

Calendar days

Total Call OI

24,418

Nearest expiry

Total Put OI

23,487

Nearest expiry

P/C OI Ratio

0.96

Put-heavy

Spot Price

$242.93

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	$215.00	5/8/2026, 11:11:02 PM
2026-05-15	$200.00	5/15/2026, 11:10:31 PM
2026-05-22NextUpdated	$227.50	5/20/2026, 11:10:22 PM
2026-05-29	$215.00	5/20/2026, 11:10:22 PM
2026-06-05	$240.00	5/20/2026, 11:10:22 PM
2026-06-12	$205.00	5/20/2026, 11:10:22 PM
2026-06-18	$155.00	5/20/2026, 11:10:22 PM
2026-06-26	$240.00	5/20/2026, 11:10:22 PM
2026-07-17	$170.00	5/20/2026, 11:10:22 PM
2026-08-21	$200.00	5/20/2026, 11:10:22 PM
2026-09-18	$150.00	5/20/2026, 11:10:22 PM
2026-10-16	$200.00	5/20/2026, 11:10:22 PM
2026-11-20	$190.00	5/20/2026, 11:10:22 PM
2026-12-18	$145.00	5/20/2026, 11:10:22 PM
2027-01-15	$150.00	5/20/2026, 11:10:22 PM
2027-03-19	$210.00	5/20/2026, 11:10:22 PM

Selected expiration: 2026-05-22 at max pain $227.50.

DELL pain by strike for 2026-05-22 expiration
Strike	Call Pain	Put Pain	Total Pain
100	0	209919000	209919000
105	0	198324500	198324500
110	0	186811000	186811000
115	500	175566500	175567000
120	1500	164611500	164613000
125	2500	153892000	153894500
130	3500	143560000	143563500
135	5000	133380000	133385000
140	8000	123373000	123381000
145	22500	113663000	113685500
150	37500	103992000	104029500
155	73500	95130000	95203500
160	111500	86383000	86494500
165	162500	77774000	77936500
170	235500	69307000	69542500
172.5	277500	65279000	65556500
175	319500	61257500	61577000
177.5	367000	57263000	57630000
180	414500	53271750	53686250
182.5	472750	49389000	49861750

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.