This page reflects EXPE 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 — EXPE
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $220.00 (2.41 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$220.00
Nearest expiry
Expected Move
±$7.45
±3.4%
Days to Expiry
2
Calendar days
Total Call OI
3,163
Nearest expiry
Total Put OI
1,967
Nearest expiry
P/C OI Ratio
0.62
Put-heavy
Spot Price
$217.59
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
$247.50
5/8/2026, 11:13:50 PM
2026-05-15
$220.00
5/15/2026, 11:15:53 PM
2026-05-22NextUpdated
$220.00
5/20/2026, 11:14:29 PM
2026-05-29
$215.00
5/20/2026, 11:14:29 PM
2026-06-05
$220.00
5/20/2026, 11:14:29 PM
2026-06-12
$230.00
5/20/2026, 11:14:29 PM
2026-06-18
$240.00
5/20/2026, 11:14:29 PM
2026-06-26
$220.00
5/20/2026, 11:14:29 PM
2026-07-17
$250.00
5/20/2026, 11:14:29 PM
2026-09-18
$230.00
5/20/2026, 11:14:29 PM
2026-10-16
$230.00
5/20/2026, 11:14:29 PM
2026-12-18
$195.00
5/20/2026, 11:14:29 PM
2027-01-15
$230.00
5/20/2026, 11:14:29 PM
2027-03-19
$210.00
5/20/2026, 11:14:29 PM
Selected expiration: 2026-05-22 at max pain $220.00.
EXPE pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
145
0
13814500
13814500
150
500
12832000
12832500
155
2000
11864500
11866500
160
3500
10902000
10905500
165
5000
9941000
9946000
170
6500
8989000
8995500
175
8000
8042000
8050000
180
10000
7095000
7105000
185
12000
6148500
6160500
187.5
13250
5676000
5689250
190
14750
5203500
5218250
195
37750
4260000
4297750
197.5
49250
3791250
3840500
200
61000
3325500
3386500
202.5
73000
2885500
2958500
205
85250
2446750
2532000
207.5
98500
2052000
2150500
210
112000
1701000
1813000
212.5
133750
1391000
1524750
215
155500
1099500
1255000
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.