This page reflects FIG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — FIG
Data as of market close May 19, 2026
Nearest listed expiration 2026-05-22 shows max pain at $21.00 (2.27 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$21.00
Nearest expiry
Expected Move
±$1.90
±8.2%
Days to Expiry
3
Calendar days
Total Call OI
47,678
Nearest expiry
Total Put OI
28,227
Nearest expiry
P/C OI Ratio
0.59
Put-heavy
Spot Price
$23.27
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
$19.00
5/8/2026, 11:13:29 PM
2026-05-15
$18.50
5/15/2026, 11:15:31 PM
2026-05-22NextUpdated
$21.00
5/19/2026, 11:14:47 PM
2026-05-29
$20.00
5/19/2026, 11:14:47 PM
2026-06-05
$21.00
5/19/2026, 11:14:47 PM
2026-06-12
$20.00
5/19/2026, 11:14:47 PM
2026-06-18
$20.00
5/19/2026, 11:14:47 PM
2026-06-26
$24.00
5/19/2026, 11:14:47 PM
2026-07-17
$22.50
5/19/2026, 11:14:47 PM
2026-09-18
$22.50
5/19/2026, 11:14:47 PM
2026-10-16
$25.00
5/19/2026, 11:14:47 PM
2027-01-15
$25.00
5/19/2026, 11:14:47 PM
Selected expiration: 2026-05-22 at max pain $21.00.
FIG pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
55189200
55189200
2
13500
52366500
52380000
3
40300
49543800
49584100
4
79100
46721100
46800200
5
131900
43898400
44030300
6
186900
41075700
41262600
7
245400
38253000
38498400
8
305900
35430400
35736300
9
368000
32607800
32975800
10
432400
29785200
30217600
11
502100
26964300
27466400
11.5
537600
25564600
26102200
12
573900
24164900
24738800
12.5
611800
22766050
23377850
13
649700
21368000
22017700
13.5
699650
19976400
20676050
14
749600
18585000
19334600
14.5
812300
17209150
18021450
15
876750
15834000
16710750
15.5
942750
14606300
15549050
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.