This page reflects DYN 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 — DYN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $17.50 (0.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$4.50
±25.6%
Days to Expiry
29
Calendar days
Total Call OI
737
Nearest expiry
Total Put OI
550
Nearest expiry
P/C OI Ratio
0.75
Put-heavy
Spot Price
$17.56
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
$17.00
4/17/2026, 11:10:32 PM
2026-05-15
$19.00
5/15/2026, 11:13:33 PM
2026-06-18NextUpdated
$17.50
5/20/2026, 11:09:29 PM
2026-07-17
$20.00
5/20/2026, 11:09:29 PM
2026-09-18
$19.00
5/20/2026, 11:09:29 PM
2026-10-16
$20.00
5/20/2026, 11:09:29 PM
2026-12-18
$20.00
5/20/2026, 11:09:29 PM
2027-01-15
$15.00
5/20/2026, 11:09:29 PM
Selected expiration: 2026-06-18 at max pain $17.50.
DYN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
655300
655300
6
100
600900
601000
7.5
550
519300
519850
10
2050
383300
385350
12.5
6050
247550
253600
14
8450
166100
174550
15
10050
124300
134350
16
11950
92100
104050
17.5
15100
61650
76750
19
93100
43200
136300
20
147600
30900
178500
21
209600
20300
229900
22.5
303650
4400
308050
24
405800
3500
409300
25
474500
2900
477400
26
544300
2300
546600
27
614300
1700
616000
28
684600
1200
685800
29
754900
800
755700
30
825200
600
825800
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.