This page reflects DPZ 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 — DPZ
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $350.00 (34.03 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$350.00
Nearest expiry
Expected Move
±$22.95
±7.3%
Days to Expiry
29
Calendar days
Total Call OI
3,914
Nearest expiry
Total Put OI
4,758
Nearest expiry
P/C OI Ratio
1.22
Put-heavy
Spot Price
$315.97
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
$380.00
4/17/2026, 11:09:12 PM
2026-05-15
$340.00
5/15/2026, 11:12:22 PM
2026-06-18NextUpdated
$350.00
5/20/2026, 11:10:48 PM
2026-07-17
$330.00
5/20/2026, 11:10:48 PM
2026-09-18
$360.00
5/20/2026, 11:10:48 PM
2026-12-18
$400.00
5/20/2026, 11:10:48 PM
2027-01-15
$400.00
5/20/2026, 11:10:48 PM
2027-03-19
$360.00
5/20/2026, 11:10:48 PM
Selected expiration: 2026-06-18 at max pain $350.00.
DPZ pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
210
0
64323000
64323000
220
1000
59571000
59572000
230
5000
54868000
54873000
240
13000
50170000
50183000
250
21000
45482000
45503000
260
32000
40945000
40977000
270
43000
36539000
36582000
280
54000
32308000
32362000
290
68000
28365000
28433000
300
93000
24791000
24884000
310
141000
21657000
21798000
320
250000
18823000
19073000
330
688000
16472000
17160000
340
1634000
14612000
16246000
350
2911000
13045000
15956000
360
4494000
11856000
16350000
370
6198000
10765000
16963000
380
8245000
9792000
18037000
390
10437000
8914000
19351000
400
12720000
8052000
20772000
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.