This page reflects FTV 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 — FTV
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $40.00 (19.03 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$3.30
±5.6%
Days to Expiry
29
Calendar days
Total Call OI
1,264
Nearest expiry
Total Put OI
29
Nearest expiry
P/C OI Ratio
0.02
Put-heavy
Spot Price
$59.03
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
$55.00
4/17/2026, 11:13:24 PM
2026-05-15
$60.00
5/15/2026, 11:15:45 PM
2026-06-18NextUpdated
$40.00
5/20/2026, 11:15:08 PM
2026-09-18
$55.00
5/20/2026, 11:15:08 PM
2026-11-20
$50.00
5/20/2026, 11:15:08 PM
2026-12-18
$40.00
5/20/2026, 11:15:08 PM
Selected expiration: 2026-06-18 at max pain $40.00.
FTV pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
68000
68000
35
500
53500
54000
40
1000
39500
40500
45
58000
26500
84500
50
115000
18000
133000
55
183500
9500
193000
60
282000
1000
283000
65
655500
0
655500
70
1274500
0
1274500
75
1896000
0
1896000
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.