This page reflects FN 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 — FN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $670.00 (7.79 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$670.00
Nearest expiry
Expected Move
±$123.65
±18.7%
Days to Expiry
29
Calendar days
Total Call OI
1,314
Nearest expiry
Total Put OI
2,463
Nearest expiry
P/C OI Ratio
1.87
Put-heavy
Spot Price
$662.21
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
$520.00
4/17/2026, 11:13:11 PM
2026-05-15
$670.00
5/15/2026, 11:09:35 PM
2026-06-18NextUpdated
$670.00
5/20/2026, 11:13:12 PM
2026-07-17
$560.00
5/20/2026, 11:13:12 PM
2026-10-16
$600.00
5/20/2026, 11:13:12 PM
2026-11-20
$600.00
5/20/2026, 11:13:12 PM
2026-12-18
$720.00
5/20/2026, 11:13:12 PM
2027-01-15
$610.00
5/20/2026, 11:13:12 PM
Selected expiration: 2026-06-18 at max pain $670.00.
FN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
340
0
42475000
42475000
350
0
40044000
40044000
360
0
37615000
37615000
370
1000
35214000
35215000
380
3000
32817000
32820000
390
6000
30979000
30985000
400
9000
29142000
29151000
410
14000
27322000
27336000
420
20000
25512000
25532000
430
27000
23721000
23748000
440
34000
21943000
21977000
450
41000
20174000
20215000
460
49000
18438000
18487000
470
57000
16723000
16780000
480
65000
15085000
15150000
490
73000
13508000
13581000
500
81000
12048000
12129000
510
94000
10851000
10945000
520
114000
9712000
9826000
530
141000
8674000
8815000
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.