This page reflects DEO 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 — DEO
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $85.00 (0.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$5.38
±6.3%
Days to Expiry
29
Calendar days
Total Call OI
6,921
Nearest expiry
Total Put OI
5,265
Nearest expiry
P/C OI Ratio
0.76
Put-heavy
Spot Price
$85.12
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
$85.00
4/17/2026, 11:12:18 PM
2026-05-15
$80.00
5/15/2026, 11:13:44 PM
2026-06-18NextUpdated
$85.00
5/20/2026, 11:11:55 PM
2026-07-17
$85.00
5/20/2026, 11:11:55 PM
2026-10-16
$85.00
5/20/2026, 11:11:55 PM
2027-01-15
$75.00
5/20/2026, 11:11:55 PM
Selected expiration: 2026-06-18 at max pain $85.00.
DEO pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
18043000
18043000
50
0
15411000
15411000
55
0
12780500
12780500
60
1500
10150000
10151500
65
3000
7551500
7554500
70
97500
5176500
5274000
75
216000
3300000
3516000
80
602000
1783000
2385000
85
1304500
750500
2055000
90
2573500
271500
2845000
95
4333000
145500
4478500
100
6284500
101000
6385500
105
8896500
57000
8953500
110
11617500
13000
11630500
115
14425500
10000
14435500
120
17304500
7000
17311500
125
20215000
4000
20219000
130
23385000
1000
23386000
135
26565500
0
26565500
140
29748500
0
29748500
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.