thetaOwl

DOCN

DigitalOcean Holdings, Inc.Close $160.11EOD only
Max Pain
$130.00
Next expiry May 22, 2026
Expected Move
±$10.25
6.4% from close
Price Gap
-30.11
Distance to max pain
IV Rank
8
Low premium
P/C OI
0.48
Slightly call-heavy
Consensus
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot

This page reflects DOCN 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 — DOCN
Data as of market close May 20, 2026

Nearest listed expiration 2026-05-22 shows max pain at $130.00 (30.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$10.25
±6.4%
Days to Expiry
2
Calendar days
Total Call OI
3,976
Nearest expiry
Total Put OI
1,481
Nearest expiry
P/C OI Ratio
0.37
Put-heavy
Spot Price
$160.11
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-05-22
ExpirationMax Pain StrikeLast Updated
2026-05-08$100.005/8/2026, 11:12:01 PM
2026-05-15$70.005/15/2026, 11:11:41 PM
2026-05-22NextUpdated$130.005/20/2026, 11:09:36 PM
2026-05-29$150.005/20/2026, 11:09:36 PM
2026-06-05$140.005/20/2026, 11:09:36 PM
2026-06-12$123.005/20/2026, 11:09:36 PM
2026-06-18$110.005/20/2026, 11:09:36 PM
2026-06-26$140.005/20/2026, 11:09:36 PM
2026-07-17$155.005/20/2026, 11:09:36 PM
2026-08-21$75.005/20/2026, 11:09:36 PM
2026-10-16$72.505/20/2026, 11:09:36 PM
2026-11-20$85.005/20/2026, 11:09:36 PM
2026-12-18$100.005/20/2026, 11:09:36 PM
2027-01-15$50.005/20/2026, 11:09:36 PM
Selected expiration: 2026-05-22 at max pain $130.00.
DOCN pain by strike for 2026-05-22 expiration
StrikeCall PainPut PainTotal Pain
4501125020011250200
5010001051270010513700
55200097772009779200
60400090527009056700
62480087637008768500
65630083302008336500
66690081890008195900
67750080481008055600
68810079078007915900
69870077676007776300
70930076277007637000
71990074909007500800
721050073546007365100
731110072187007229800
741200070829007094900
751330069472006960500
761500068119006826900
771690066792006696100
781900065491006568100
792120064193006440500
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.