This page reflects FAST 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 — FAST
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $43.75 (0.07 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$43.75
Nearest expiry
Expected Move
±$2.70
±6.2%
Days to Expiry
29
Calendar days
Total Call OI
11,156
Nearest expiry
Total Put OI
40,975
Nearest expiry
P/C OI Ratio
3.67
Put-heavy
Spot Price
$43.68
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
$45.00
4/17/2026, 11:11:20 PM
2026-05-15
$42.50
5/15/2026, 11:14:21 PM
2026-06-18NextUpdated
$43.75
5/20/2026, 11:12:42 PM
2026-08-21
$45.00
5/20/2026, 11:12:42 PM
2026-09-18
$45.00
5/20/2026, 11:12:42 PM
2026-11-20
$47.50
5/20/2026, 11:12:42 PM
2026-12-18
$45.00
5/20/2026, 11:12:42 PM
2027-01-15
$45.00
5/20/2026, 11:12:42 PM
2027-03-19
$45.00
5/20/2026, 11:12:42 PM
Selected expiration: 2026-06-18 at max pain $43.75.
FAST pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
18.75
0
62631250
62631250
20
0
57509375
57509375
21.25
0
52387875
52387875
22.5
0
47266375
47266375
25
0
37023375
37023375
27.5
250
26780375
26780625
30
750
16545125
16545875
32.5
1500
12661625
12663125
33.75
1875
10722125
10724000
35
2250
8784250
8786500
36.25
3125
7081250
7084375
37.5
4000
5401875
5405875
38.75
4875
3779625
3784500
40
7250
2187500
2194750
41.25
17625
1351750
1369375
42.5
33625
867250
900875
43.75
288125
501125
789250
45
586250
230750
817000
46.25
1082250
137750
1220000
47.5
1629375
88250
1717625
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.