This page reflects FICO 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 — FICO
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $1180.00 (50.23 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$1180.00
Nearest expiry
Expected Move
±$78.85
±6.4%
Days to Expiry
29
Calendar days
Total Call OI
2,594
Nearest expiry
Total Put OI
2,318
Nearest expiry
P/C OI Ratio
0.89
Put-heavy
Spot Price
$1230.23
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
$1100.00
4/17/2026, 11:13:01 PM
2026-05-15
$1040.00
5/15/2026, 11:16:21 PM
2026-06-18NextUpdated
$1180.00
5/20/2026, 11:12:23 PM
2026-07-17
$1040.00
5/20/2026, 11:12:23 PM
2026-08-21
$1000.00
5/20/2026, 11:12:23 PM
2026-10-16
$1100.00
5/20/2026, 11:12:23 PM
2026-11-20
$1100.00
5/20/2026, 11:12:23 PM
2026-12-18
$1260.00
5/20/2026, 11:12:23 PM
2027-01-15
$1200.00
5/20/2026, 11:12:23 PM
2027-03-19
$1020.00
5/20/2026, 11:12:23 PM
Selected expiration: 2026-06-18 at max pain $1180.00.
FICO pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
460
0
116707000
116707000
470
0
114425000
114425000
480
0
112187000
112187000
490
0
109981000
109981000
500
0
107809000
107809000
510
1000
105681000
105682000
520
2000
103568000
103570000
530
3000
101471000
101474000
540
4000
99404000
99408000
550
5000
97353000
97358000
560
6000
95307000
95313000
570
7000
93300000
93307000
580
8000
91315000
91323000
600
10000
87365000
87375000
620
12000
83441000
83453000
640
14000
79537000
79551000
650
15000
77587000
77602000
680
18000
71740000
71758000
690
20000
69797000
69817000
700
23000
67855000
67878000
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.