This page reflects H options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — H
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $175.00 (0.52 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$175.00
Nearest expiry
Expected Move
±$14.50
±8.3%
Days to Expiry
28
Calendar days
Total Call OI
1,286
Nearest expiry
Total Put OI
230
Nearest expiry
P/C OI Ratio
0.18
Put-heavy
Spot Price
$175.52
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
$150.00
4/17/2026, 11:15:44 PM
2026-05-15
$155.00
5/15/2026, 11:17:33 PM
2026-06-18NextUpdated
$175.00
5/21/2026, 11:16:42 PM
2026-08-21
$155.00
5/21/2026, 11:16:42 PM
2026-11-20
$160.00
5/21/2026, 11:16:42 PM
Selected expiration: 2026-06-18 at max pain $175.00.
H pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
857000
857000
125
0
745500
745500
135
0
550500
550500
140
0
456500
456500
145
0
366500
366500
150
0
277000
277000
155
5000
196500
201500
160
15000
142500
157500
165
26000
93500
119500
170
39500
47000
86500
175
72500
7000
79500
180
127500
2000
129500
185
224000
0
224000
190
482000
0
482000
195
742000
0
742000
200
1378000
0
1378000
210
2663000
0
2663000
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.