This page reflects DOV 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 — DOV
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $210.00 (0.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$210.00
Nearest expiry
Expected Move
±$13.65
±6.5%
Days to Expiry
29
Calendar days
Total Call OI
4,181
Nearest expiry
Total Put OI
948
Nearest expiry
P/C OI Ratio
0.23
Put-heavy
Spot Price
$210.98
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
$200.00
4/17/2026, 11:13:20 PM
2026-05-15
$220.00
5/15/2026, 11:13:14 PM
2026-06-18NextUpdated
$210.00
5/20/2026, 11:12:52 PM
2026-07-17
$210.00
5/20/2026, 11:12:52 PM
2026-09-18
$210.00
5/20/2026, 11:12:52 PM
2026-11-20
$220.00
5/20/2026, 11:12:52 PM
2026-12-18
$210.00
5/20/2026, 11:12:52 PM
2027-01-15
$190.00
5/20/2026, 11:12:52 PM
Selected expiration: 2026-06-18 at max pain $210.00.
DOV pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
10866000
10866000
95
0
10392500
10392500
100
0
9919500
9919500
105
4500
9446500
9451000
135
31500
6614500
6646000
140
36000
6142500
6178500
150
45000
5198500
5243500
155
49500
4728000
4777500
160
54000
4259000
4313000
165
58500
3790000
3848500
170
66500
3325000
3391500
175
75000
2864000
2939000
180
94000
2411500
2505500
185
115000
1976000
2091000
190
139000
1549500
1688500
195
174500
1132500
1307000
200
220500
731000
951500
210
409500
60000
469500
220
1378500
14000
1392500
230
4319500
0
4319500
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.