This page reflects DHR 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 — DHR
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $167.50 (3.62 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$167.50
Nearest expiry
Expected Move
±$4.75
±2.8%
Days to Expiry
2
Calendar days
Total Call OI
2,615
Nearest expiry
Total Put OI
3,045
Nearest expiry
P/C OI Ratio
1.16
Put-heavy
Spot Price
$171.12
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
$177.50
5/8/2026, 11:11:39 PM
2026-05-15
$175.00
5/15/2026, 11:08:36 PM
2026-05-22NextUpdated
$167.50
5/20/2026, 11:09:53 PM
2026-05-29
$170.00
5/20/2026, 11:09:53 PM
2026-06-05
$175.00
5/20/2026, 11:09:53 PM
2026-06-12
$165.00
5/20/2026, 11:09:53 PM
2026-06-18
$180.00
5/20/2026, 11:09:53 PM
2026-06-26
$170.00
5/20/2026, 11:09:53 PM
2026-07-17
$175.00
5/20/2026, 11:09:53 PM
2026-08-21
$170.00
5/20/2026, 11:09:53 PM
2026-09-18
$180.00
5/20/2026, 11:09:53 PM
2026-12-18
$200.00
5/20/2026, 11:09:53 PM
2027-01-15
$200.00
5/20/2026, 11:09:53 PM
2027-03-19
$170.00
5/20/2026, 11:09:53 PM
Selected expiration: 2026-05-22 at max pain $167.50.
DHR pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
135
0
8993000
8993000
140
1000
7470500
7471500
145
6500
5948000
5954500
150
15000
4442500
4457500
152.5
19250
3692000
3711250
155
23500
2943500
2967000
157.5
29250
2204000
2233250
160
35250
1557000
1592250
162.5
46250
952000
998250
165
70750
468000
538750
167.5
156250
138000
294250
170
267250
61250
328500
172.5
415500
31500
447000
175
600250
3000
603250
177.5
1133000
2250
1135250
180
1720000
1500
1721500
182.5
2320250
750
2321000
185
2925750
0
2925750
187.5
3545500
0
3545500
190
4166250
0
4166250
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.