This page reflects DRI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — DRI
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $200.00 (2.93 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$200.00
Nearest expiry
Expected Move
±$13.15
±6.7%
Days to Expiry
28
Calendar days
Total Call OI
3,569
Nearest expiry
Total Put OI
7,172
Nearest expiry
P/C OI Ratio
2.01
Put-heavy
Spot Price
$197.07
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
$195.00
4/17/2026, 11:12:07 PM
2026-05-15
$195.00
5/15/2026, 11:12:25 PM
2026-06-18NextUpdated
$200.00
5/21/2026, 11:11:53 PM
2026-07-17
$200.00
5/21/2026, 11:11:53 PM
2026-09-18
$195.00
5/21/2026, 11:11:53 PM
2026-10-16
$200.00
5/21/2026, 11:11:53 PM
2026-12-18
$200.00
5/21/2026, 11:11:53 PM
2027-01-15
$195.00
5/21/2026, 11:11:53 PM
2027-03-19
$185.00
5/21/2026, 11:11:53 PM
Selected expiration: 2026-06-18 at max pain $200.00.
DRI pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
63540000
63540000
100
500
59954500
59955000
105
1000
56372000
56373000
110
1500
52790000
52791500
115
2000
49208500
49210500
120
2500
45627500
45630000
125
3000
42060500
42063500
130
3500
38494000
38497500
135
4000
34929000
34933000
140
6000
31374000
31380000
145
8000
27819000
27827000
150
10000
24264000
24274000
155
14000
20728500
20742500
160
18000
17202000
17220000
165
25000
13854000
13879000
170
34000
10704500
10738500
175
46500
7649500
7696000
180
63000
4638000
4701000
185
107500
2816500
2924000
190
160000
1687000
1847000
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.