This page reflects EQIX 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 — EQIX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $1000.00 (65.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$1000.00
Nearest expiry
Expected Move
±$59.95
±5.6%
Days to Expiry
29
Calendar days
Total Call OI
1,809
Nearest expiry
Total Put OI
4,762
Nearest expiry
P/C OI Ratio
2.63
Put-heavy
Spot Price
$1065.06
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
$980.00
4/17/2026, 11:11:52 PM
2026-05-15
$1040.00
5/15/2026, 11:14:45 PM
2026-06-18NextUpdated
$1000.00
5/20/2026, 11:10:31 PM
2026-07-17
$1070.00
5/20/2026, 11:10:31 PM
2026-08-21
$1000.00
5/20/2026, 11:10:31 PM
2026-09-18
$890.00
5/20/2026, 11:10:31 PM
2026-12-18
$1000.00
5/20/2026, 11:10:31 PM
2027-03-19
$1070.00
5/20/2026, 11:10:31 PM
Selected expiration: 2026-06-18 at max pain $1000.00.
EQIX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
390
0
224381000
224381000
400
2000
219621000
219623000
410
4000
215063000
215067000
420
6000
210545000
210551000
430
8000
206041000
206049000
440
12000
201537000
201549000
450
16000
197034000
197050000
480
28000
183528000
183556000
490
32000
179026000
179058000
500
36000
174525000
174561000
520
46000
165623000
165669000
540
56000
156723000
156779000
560
66000
147825000
147891000
580
76000
138937000
139013000
600
86000
130067000
130153000
620
96000
121197000
121293000
640
106000
112499000
112605000
660
116000
103801000
103917000
680
126000
95103000
95229000
690
131000
90754000
90885000
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.