This page reflects DHI 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 — DHI
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $140.00 (1.76 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$3.65
±2.6%
Days to Expiry
2
Calendar days
Total Call OI
987
Nearest expiry
Total Put OI
1,720
Nearest expiry
P/C OI Ratio
1.74
Put-heavy
Spot Price
$141.76
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
$149.00
5/8/2026, 11:10:50 PM
2026-05-15
$145.00
5/15/2026, 11:12:29 PM
2026-05-22NextUpdated
$140.00
5/20/2026, 11:08:32 PM
2026-05-29
$145.00
5/20/2026, 11:08:32 PM
2026-06-05
$157.50
5/20/2026, 11:08:32 PM
2026-06-12
$160.00
5/20/2026, 11:08:32 PM
2026-06-18
$145.00
5/20/2026, 11:08:32 PM
2026-06-26
$145.00
5/20/2026, 11:08:32 PM
2026-07-17
$135.00
5/20/2026, 11:08:32 PM
2026-08-21
$145.00
5/20/2026, 11:08:32 PM
2026-09-18
$145.00
5/20/2026, 11:08:32 PM
2026-11-20
$145.00
5/20/2026, 11:08:32 PM
2026-12-18
$150.00
5/20/2026, 11:08:32 PM
2027-01-15
$145.00
5/20/2026, 11:08:32 PM
2027-03-19
$150.00
5/20/2026, 11:08:32 PM
Selected expiration: 2026-05-22 at max pain $140.00.
DHI pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
105
0
4015250
4015250
110
0
3280750
3280750
115
0
2558750
2558750
120
0
1911750
1911750
123
0
1574550
1574550
125
0
1351350
1351350
126
0
1240050
1240050
127
0
1129150
1129150
128
0
1019850
1019850
129
300
911650
911950
130
900
803650
804550
132
2300
642050
644350
133
3000
564050
567050
134
3700
487050
490750
135
4600
411050
415650
136
8200
362550
370750
137
21700
317650
339350
138
35500
273150
308650
139
51100
231050
282150
140
68700
189050
257750
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.