This page reflects FOUR 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 — FOUR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $50.00 (7.80 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$6.32
±15.0%
Days to Expiry
29
Calendar days
Total Call OI
11,473
Nearest expiry
Total Put OI
9,007
Nearest expiry
P/C OI Ratio
0.79
Put-heavy
Spot Price
$42.20
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
$60.00
4/17/2026, 11:16:46 PM
2026-05-15
$50.00
5/15/2026, 11:17:10 PM
2026-06-18NextUpdated
$50.00
5/20/2026, 11:11:50 PM
2026-07-17
$45.00
5/20/2026, 11:11:50 PM
2026-09-18
$50.00
5/20/2026, 11:11:50 PM
2026-10-16
$50.00
5/20/2026, 11:11:50 PM
2026-12-18
$50.00
5/20/2026, 11:11:50 PM
2027-01-15
$50.00
5/20/2026, 11:11:50 PM
Selected expiration: 2026-06-18 at max pain $50.00.
FOUR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
22258500
22258500
30
3500
17758000
17761500
35
22500
13409500
13432000
40
44500
9612500
9657000
45
162500
6836500
6999000
50
848500
4766000
5614500
55
3375500
3010000
6385500
60
6500000
1697500
8197500
65
10443000
1118500
11561500
70
14544000
644000
15188000
75
18965500
320000
19285500
80
23776500
42000
23818500
85
28943500
24000
28967500
90
34156500
10000
34166500
95
39648000
0
39648000
100
45139500
0
45139500
105
50807500
0
50807500
110
56475500
0
56475500
115
62187000
0
62187000
120
67904000
0
67904000
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.