This page reflects DNUT 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 — DNUT
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $3.50 (0.18 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$3.50
Nearest expiry
Expected Move
±$0.20
±6.0%
Days to Expiry
2
Calendar days
Total Call OI
549
Nearest expiry
Total Put OI
423
Nearest expiry
P/C OI Ratio
0.77
Put-heavy
Spot Price
$3.32
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
$3.50
5/8/2026, 11:11:22 PM
2026-05-15
$3.50
5/15/2026, 11:13:20 PM
2026-05-22NextUpdated
$3.50
5/20/2026, 11:08:56 PM
2026-05-29
$3.50
5/20/2026, 11:08:56 PM
2026-06-05
$4.00
5/20/2026, 11:08:56 PM
2026-06-12
$3.00
5/20/2026, 11:08:56 PM
2026-06-18
$3.50
5/20/2026, 11:08:56 PM
2026-08-21
$3.50
5/20/2026, 11:08:56 PM
2026-11-20
$3.50
5/20/2026, 11:08:56 PM
2027-01-15
$4.00
5/20/2026, 11:08:56 PM
2027-03-19
$0.50
5/20/2026, 11:08:56 PM
Selected expiration: 2026-05-22 at max pain $3.50.
DNUT pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
117750
117750
1
400
96600
97000
1.5
1600
75550
77150
2
2950
54500
57450
3
6250
13000
19250
3.5
10300
3650
13950
4
18350
1050
19400
4.5
39300
800
40100
5
60500
600
61100
5.5
87600
450
88050
6
114700
300
115000
6.5
141800
200
142000
7
168900
100
169000
7.5
196100
50
196150
8
223300
0
223300
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.