This page reflects DLTR 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 — DLTR
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $91.00 (2.48 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$91.00
Nearest expiry
Expected Move
±$3.55
±3.8%
Days to Expiry
2
Calendar days
Total Call OI
1,581
Nearest expiry
Total Put OI
2,666
Nearest expiry
P/C OI Ratio
1.69
Put-heavy
Spot Price
$93.48
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
$95.00
5/8/2026, 11:11:08 PM
2026-05-15
$94.00
5/15/2026, 11:10:11 PM
2026-05-22NextUpdated
$91.00
5/20/2026, 11:10:32 PM
2026-05-29
$91.00
5/20/2026, 11:10:32 PM
2026-06-05
$92.00
5/20/2026, 11:10:32 PM
2026-06-12
$92.00
5/20/2026, 11:10:32 PM
2026-06-18
$105.00
5/20/2026, 11:10:32 PM
2026-06-26
$95.00
5/20/2026, 11:10:32 PM
2026-07-17
$95.00
5/20/2026, 11:10:32 PM
2026-08-21
$130.00
5/20/2026, 11:10:32 PM
2026-09-18
$100.00
5/20/2026, 11:10:32 PM
2026-11-20
$100.00
5/20/2026, 11:10:32 PM
2026-12-18
$90.00
5/20/2026, 11:10:32 PM
2027-01-15
$100.00
5/20/2026, 11:10:32 PM
2027-03-19
$110.00
5/20/2026, 11:10:32 PM
Selected expiration: 2026-05-22 at max pain $91.00.
DLTR pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
4967500
4967500
75
500
3649500
3650000
77
700
3124700
3125400
80
1000
2343500
2344500
81
1700
2092500
2094200
81.5
2100
1967350
1969450
82
2500
1842300
1844800
83
3300
1602200
1605500
84
4100
1371500
1375600
85
5500
1148100
1153600
86
25500
943800
969300
87
45800
747600
793400
88
66600
557200
623800
89
89000
423000
512000
90
124100
301500
425600
91
178900
240400
419300
92
247500
183100
430600
93
323700
135100
458800
94
405400
96500
501900
95
491600
60900
552500
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.