This page reflects FIX 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 — FIX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $1880.00 (44.49 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$1880.00
Nearest expiry
Expected Move
±$257.70
±14.0%
Days to Expiry
29
Calendar days
Total Call OI
1,240
Nearest expiry
Total Put OI
1,976
Nearest expiry
P/C OI Ratio
1.59
Put-heavy
Spot Price
$1835.51
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
$1340.00
4/17/2026, 11:13:13 PM
2026-05-15
$1920.00
5/15/2026, 11:16:42 PM
2026-06-18NextUpdated
$1880.00
5/20/2026, 11:14:24 PM
2026-07-17
$1500.00
5/20/2026, 11:14:24 PM
2026-10-16
$1780.00
5/20/2026, 11:14:24 PM
2026-12-18
$1500.00
5/20/2026, 11:14:24 PM
2027-01-15
$1800.00
5/20/2026, 11:14:24 PM
Selected expiration: 2026-06-18 at max pain $1880.00.
FIX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
940
0
145842000
145842000
950
2000
143867000
143869000
970
12000
139917000
139929000
990
26000
135969000
135995000
1000
33000
133996000
134029000
1040
69000
126112000
126181000
1060
91000
122174000
122265000
1080
113000
118256000
118369000
1100
135000
114340000
114475000
1120
157000
110452000
110609000
1140
179000
106576000
106755000
1160
201000
102702000
102903000
1180
223000
98834000
99057000
1200
245000
94974000
95219000
1220
269000
91142000
91411000
1240
293000
87320000
87613000
1260
319000
83522000
83841000
1280
345000
79736000
80081000
1300
371000
75970000
76341000
1320
397000
72326000
72723000
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.