Nearest listed expiration 2026-05-22 shows max pain at $930.00 (52.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$930.00
Nearest expiry
Expected Move
±$21.40
±2.2%
Days to Expiry
2
Calendar days
Total Call OI
11,138
Nearest expiry
Total Put OI
10,929
Nearest expiry
P/C OI Ratio
0.98
Put-heavy
Spot Price
$982.12
Published close
Consensus
7.0/10
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
$915.00
5/8/2026, 11:14:24 PM
2026-05-15
$905.00
5/15/2026, 11:18:22 PM
2026-05-22NextUpdated
$930.00
5/20/2026, 11:16:08 PM
2026-05-29
$930.00
5/20/2026, 11:16:08 PM
2026-06-05
$940.00
5/20/2026, 11:16:08 PM
2026-06-12
$950.00
5/20/2026, 11:16:08 PM
2026-06-18
$870.00
5/20/2026, 11:16:08 PM
2026-06-26
$930.00
5/20/2026, 11:16:08 PM
2026-07-17
$875.00
5/20/2026, 11:16:08 PM
2026-08-21
$850.00
5/20/2026, 11:16:08 PM
2026-09-18
$840.00
5/20/2026, 11:16:08 PM
2026-10-16
$910.00
5/20/2026, 11:16:08 PM
2026-11-20
$910.00
5/20/2026, 11:16:08 PM
2026-12-18
$760.00
5/20/2026, 11:16:08 PM
2027-01-15
$815.00
5/20/2026, 11:16:08 PM
2027-03-19
$875.00
5/20/2026, 11:16:08 PM
Selected expiration: 2026-05-22 at max pain $930.00.
GS pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
480
0
385464750
385464750
490
0
374541750
374541750
500
0
363680750
363680750
540
0
320388750
320388750
570
0
288579750
288579750
580
0
277976750
277976750
590
0
267376750
267376750
600
0
256785750
256785750
630
3000
225012750
225015750
640
4000
214442750
214446750
645
4500
209161250
209165750
650
5000
203937250
203942250
670
7000
183059250
183066250
675
7500
177841250
177848750
680
8000
172625250
172633250
685
8500
167414750
167423250
700
10000
151913750
151923750
705
10500
146788250
146798750
710
12000
141700250
141712250
715
13500
136641750
136655250
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.