This page reflects ETSY 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 — ETSY
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $60.00 (0.89 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$2.41
±4.0%
Days to Expiry
2
Calendar days
Total Call OI
2,620
Nearest expiry
Total Put OI
2,452
Nearest expiry
P/C OI Ratio
0.94
Put-heavy
Spot Price
$60.89
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$62.00
5/8/2026, 11:12:32 PM
2026-05-15
$55.00
5/15/2026, 11:14:12 PM
2026-05-22NextUpdated
$60.00
5/20/2026, 11:12:27 PM
2026-05-29
$62.00
5/20/2026, 11:12:27 PM
2026-06-05
$61.00
5/20/2026, 11:12:27 PM
2026-06-12
$61.00
5/20/2026, 11:12:27 PM
2026-06-18
$60.00
5/20/2026, 11:12:27 PM
2026-06-26
$61.00
5/20/2026, 11:12:27 PM
2026-07-17
$55.00
5/20/2026, 11:12:27 PM
2026-08-21
$50.00
5/20/2026, 11:12:27 PM
2026-09-18
$55.00
5/20/2026, 11:12:27 PM
2026-10-16
$60.00
5/20/2026, 11:12:27 PM
2026-12-18
$40.00
5/20/2026, 11:12:27 PM
2027-01-15
$45.00
5/20/2026, 11:12:27 PM
2027-03-19
$60.00
5/20/2026, 11:12:27 PM
Selected expiration: 2026-05-22 at max pain $60.00.
ETSY pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
5469050
5469050
40
0
3029050
3029050
42
1800
2542050
2543850
43
2700
2375250
2377950
44
3600
2209150
2212750
45
4500
2043350
2047850
46
6900
1877850
1884750
47
9300
1715050
1724350
47.5
10750
1634700
1645450
48
12200
1556900
1569100
49
15100
1407700
1422800
50
18000
1260600
1278600
51
20900
1116400
1137300
52
23900
973100
997000
53
27000
833100
860100
54
30100
702200
732300
55
34800
575100
609900
56
40800
463000
503800
57
50000
377400
427400
58
66700
310900
377600
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.