FactSet Research Systems Inc.Close $223.68EOD only
Max Pain
$230.00
Next expiry Jun 18, 2026
Expected Move
±$24.45
10.9% from close
Price Gap
+6.32
Distance to max pain
IV Rank
7
Low premium
P/C OI
1.53
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects FDS 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 — FDS
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $230.00 (6.32 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$230.00
Nearest expiry
Expected Move
±$24.45
±10.9%
Days to Expiry
29
Calendar days
Total Call OI
2,584
Nearest expiry
Total Put OI
2,662
Nearest expiry
P/C OI Ratio
1.03
Put-heavy
Spot Price
$223.68
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
$200.00
4/17/2026, 11:11:45 PM
2026-05-15
$210.00
5/15/2026, 11:16:15 PM
2026-06-18NextUpdated
$230.00
5/20/2026, 11:12:58 PM
2026-07-17
$200.00
5/20/2026, 11:12:58 PM
2026-09-18
$210.00
5/20/2026, 11:12:58 PM
2026-12-18
$220.00
5/20/2026, 11:12:58 PM
Selected expiration: 2026-06-18 at max pain $230.00.
FDS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
27491000
27491000
105
2500
26160000
26162500
110
5000
24829000
24834000
120
10000
22169000
22179000
125
12500
20925500
20938000
130
16000
19683500
19699500
135
19500
18447000
18466500
140
23000
17211500
17234500
145
28000
15997000
16025000
150
33000
14786000
14819000
155
41500
13578500
13620000
160
50000
12372500
12422500
165
58500
11255500
11314000
170
67000
10157500
10224500
175
76000
9102500
9178500
180
85000
8067000
8152000
185
94000
7109500
7203500
190
103000
6214000
6317000
195
138000
5453500
5591500
200
173000
4721000
4894000
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.