This page reflects DKNG 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 — DKNG
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $25.00 (0.01 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$0.91
±3.6%
Days to Expiry
2
Calendar days
Total Call OI
19,124
Nearest expiry
Total Put OI
6,830
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$25.01
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
$22.50
5/8/2026, 11:11:27 PM
2026-05-15
$25.00
5/15/2026, 11:09:57 PM
2026-05-22NextUpdated
$25.00
5/20/2026, 11:09:39 PM
2026-05-29
$24.50
5/20/2026, 11:09:39 PM
2026-06-05
$24.00
5/20/2026, 11:09:39 PM
2026-06-12
$24.50
5/20/2026, 11:09:39 PM
2026-06-18
$28.00
5/20/2026, 11:09:39 PM
2026-06-26
$26.00
5/20/2026, 11:09:39 PM
2026-07-17
$25.00
5/20/2026, 11:09:39 PM
2026-08-21
$25.00
5/20/2026, 11:09:39 PM
2026-09-18
$27.50
5/20/2026, 11:09:39 PM
2026-11-20
$25.00
5/20/2026, 11:09:39 PM
2026-12-18
$30.00
5/20/2026, 11:09:39 PM
2027-01-15
$28.00
5/20/2026, 11:09:39 PM
2027-03-19
$15.00
5/20/2026, 11:09:39 PM
Selected expiration: 2026-05-22 at max pain $25.00.
DKNG pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
12
0
7962900
7962900
13
200
7280000
7280200
14
700
6597400
6598100
15
1500
5914800
5916300
15.5
1950
5573500
5575450
16
2600
5232200
5234800
16.5
3450
4892950
4896400
17
4700
4553700
4558400
17.5
6600
4242150
4248750
18
10550
3930850
3941400
18.5
14550
3619950
3634500
19
18550
3310550
3329100
19.5
22650
3002750
3025400
20
26900
2697700
2724600
20.5
33550
2400050
2433600
21
40250
2104450
2144700
21.5
48200
1812450
1860650
22
56150
1521950
1578100
22.5
66000
1257400
1323400
23
78450
995950
1074400
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.