This page reflects DG 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 — DG
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $104.00 (0.61 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$104.00
Nearest expiry
Expected Move
±$3.38
±3.2%
Days to Expiry
2
Calendar days
Total Call OI
4,773
Nearest expiry
Total Put OI
5,861
Nearest expiry
P/C OI Ratio
1.23
Put-heavy
Spot Price
$104.61
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
$109.00
5/8/2026, 11:10:06 PM
2026-05-15
$111.00
5/15/2026, 11:11:42 PM
2026-05-22NextUpdated
$104.00
5/20/2026, 11:10:59 PM
2026-05-29
$103.00
5/20/2026, 11:10:59 PM
2026-06-05
$104.00
5/20/2026, 11:10:59 PM
2026-06-12
$113.00
5/20/2026, 11:10:59 PM
2026-06-18
$125.00
5/20/2026, 11:10:59 PM
2026-06-26
$120.00
5/20/2026, 11:10:59 PM
2026-07-17
$120.00
5/20/2026, 11:10:59 PM
2026-08-21
$115.00
5/20/2026, 11:10:59 PM
2026-09-18
$120.00
5/20/2026, 11:10:59 PM
2026-11-20
$130.00
5/20/2026, 11:10:59 PM
2026-12-18
$110.00
5/20/2026, 11:10:59 PM
2027-01-15
$100.00
5/20/2026, 11:10:59 PM
2027-03-19
$105.00
5/20/2026, 11:10:59 PM
Selected expiration: 2026-05-22 at max pain $104.00.
DG pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
16298150
16298150
80
0
13403650
13403650
85
2000
10509650
10511650
90
5000
7615650
7620650
91
7300
7044950
7052250
92
9600
6474350
6483950
93
11900
5909750
5921650
94
14200
5345350
5359550
95
16700
4780950
4797650
96
24600
4222050
4246650
96.5
30750
3942950
3973700
97
36900
3664200
3701100
98
50500
3110200
3160700
99
66000
2566600
2632600
100
87900
2034400
2122300
101
111400
1538000
1649400
102
137500
1049800
1187300
103
167000
918400
1085400
104
213300
792800
1006100
105
395500
673700
1069200
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.