This page reflects DQ 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 — DQ
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $19.00 (1.50 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.00
Nearest expiry
Expected Move
±$1.07
±6.1%
Days to Expiry
29
Calendar days
Total Call OI
2,031
Nearest expiry
Total Put OI
1,833
Nearest expiry
P/C OI Ratio
0.90
Put-heavy
Spot Price
$17.50
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
$25.00
4/17/2026, 11:10:27 PM
2026-05-15
$21.00
5/15/2026, 11:14:53 PM
2026-06-18NextUpdated
$19.00
5/20/2026, 11:11:14 PM
2026-07-17
$25.00
5/20/2026, 11:11:14 PM
2026-10-16
$21.00
5/20/2026, 11:11:14 PM
2027-01-15
$20.00
5/20/2026, 11:11:14 PM
Selected expiration: 2026-06-18 at max pain $19.00.
DQ pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
12
0
952800
952800
13
0
769600
769600
14
0
587000
587000
15
0
404800
404800
16
1000
226900
227900
17
2000
55100
57100
18
3000
34600
37600
19
4800
19700
24500
20
12100
12400
24500
21
21900
6400
28300
22
33000
1000
34000
23
103000
500
103500
24
174500
0
174500
25
247000
0
247000
26
449000
0
449000
34
2069000
0
2069000
35
2271900
0
2271900
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.