Edwards Lifesciences CorporatioClose $82.97EOD only
Max Pain
$82.50
Next expiry Jun 18, 2026
Expected Move
±$5.47
6.6% from close
Price Gap
-0.47
Distance to max pain
IV Rank
0
Low premium
P/C OI
1.11
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects EW 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 — EW
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $82.50 (0.47 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$82.50
Nearest expiry
Expected Move
±$5.47
±6.6%
Days to Expiry
29
Calendar days
Total Call OI
6,260
Nearest expiry
Total Put OI
6,909
Nearest expiry
P/C OI Ratio
1.10
Put-heavy
Spot Price
$82.97
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
$80.00
4/17/2026, 11:10:53 PM
2026-05-15
$80.00
5/15/2026, 11:10:36 PM
2026-06-18NextUpdated
$82.50
5/20/2026, 11:11:02 PM
2026-07-17
$72.50
5/20/2026, 11:11:02 PM
2026-08-21
$75.00
5/20/2026, 11:11:02 PM
2026-09-18
$77.50
5/20/2026, 11:11:02 PM
2026-11-20
$77.50
5/20/2026, 11:11:02 PM
2026-12-18
$82.50
5/20/2026, 11:11:02 PM
2027-01-15
$80.00
5/20/2026, 11:11:02 PM
2027-03-19
$80.00
5/20/2026, 11:11:02 PM
Selected expiration: 2026-06-18 at max pain $82.50.
EW pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
37.5
0
26267500
26267500
42.5
0
22815500
22815500
45
0
21089750
21089750
47.5
500
19364250
19364750
50
1000
17639000
17640000
55
2000
14189000
14191000
60
3500
10743000
10746500
62.5
4500
9026000
9030500
65
5500
7454000
7459500
67.5
8250
5916500
5924750
70
11000
4391750
4402750
72.5
16500
3227000
3243500
75
22500
2102750
2125250
77.5
46500
1192500
1239000
80
244500
505750
750250
82.5
493000
113250
606250
85
843500
26250
869750
87.5
1325250
11250
1336500
90
2266000
250
2266250
92.5
3393250
0
3393250
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.