This page reflects DOCU 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 — DOCU
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $46.00 (3.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$46.00
Nearest expiry
Expected Move
±$1.05
±2.1%
Days to Expiry
2
Calendar days
Total Call OI
3,976
Nearest expiry
Total Put OI
1,556
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$49.73
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
$46.00
5/8/2026, 11:12:53 PM
2026-05-15
$47.50
5/15/2026, 11:14:23 PM
2026-05-22NextUpdated
$46.00
5/20/2026, 11:09:19 PM
2026-05-29
$48.00
5/20/2026, 11:09:19 PM
2026-06-05
$49.00
5/20/2026, 11:09:19 PM
2026-06-12
$49.00
5/20/2026, 11:09:19 PM
2026-06-18
$50.00
5/20/2026, 11:09:19 PM
2026-06-26
$50.00
5/20/2026, 11:09:19 PM
2026-07-17
$50.00
5/20/2026, 11:09:19 PM
2026-09-18
$52.50
5/20/2026, 11:09:19 PM
2026-12-18
$65.00
5/20/2026, 11:09:19 PM
2027-01-15
$65.00
5/20/2026, 11:09:19 PM
2027-03-19
$45.00
5/20/2026, 11:09:19 PM
Selected expiration: 2026-05-22 at max pain $46.00.
DOCU pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
33.5
0
1748000
1748000
35
0
1514750
1514750
36
0
1359650
1359650
37
0
1204650
1204650
37.5
0
1128800
1128800
38
0
1054450
1054450
38.5
3950
982400
986350
39
13800
912350
926150
39.5
27600
845150
872750
40
47300
778450
825750
40.5
67350
714100
781450
41
87600
649950
737550
41.5
108000
587750
695750
42
128550
525800
654350
42.5
149250
469300
618550
43
170100
413050
583150
43.5
191300
360150
551450
44
212500
307750
520250
44.5
234950
257600
492550
45
257800
207950
465750
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.