This page reflects DLB 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 — DLB
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $65.00 (10.88 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$3.58
±6.6%
Days to Expiry
29
Calendar days
Total Call OI
185
Nearest expiry
Total Put OI
249
Nearest expiry
P/C OI Ratio
1.35
Put-heavy
Spot Price
$54.12
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
$60.00
4/17/2026, 11:10:48 PM
2026-05-15
$60.00
5/15/2026, 11:13:41 PM
2026-06-18NextUpdated
$65.00
5/20/2026, 11:10:34 PM
2026-07-17
$55.00
5/20/2026, 11:10:34 PM
2026-09-18
$65.00
5/20/2026, 11:10:34 PM
2026-12-18
$60.00
5/20/2026, 11:10:34 PM
Selected expiration: 2026-06-18 at max pain $65.00.
DLB pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
625000
625000
40
0
501000
501000
45
0
378000
378000
50
500
256000
256500
55
1500
137500
139000
60
8500
48500
57000
65
21000
3000
24000
70
63000
500
63500
75
123000
0
123000
80
195000
0
195000
85
267500
0
267500
90
358000
0
358000
95
449500
0
449500
100
541500
0
541500
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.