This page reflects H 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 — H
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $175.00 (1.81 above 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
±$14.80
±8.6%
Days to Expiry
29
Calendar days
Total Call OI
201
Nearest expiry
Total Put OI
206
Nearest expiry
P/C OI Ratio
1.02
Put-heavy
Spot Price
$173.19
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
5/20/2026, 11:13:46 PM
2026-08-21
$155.00
5/20/2026, 11:13:46 PM
2026-11-20
$160.00
5/20/2026, 11:13:46 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
776500
776500
125
0
677000
677000
135
0
503000
503000
140
0
417000
417000
145
0
335000
335000
150
0
253500
253500
155
5000
186500
191500
160
15000
135500
150500
165
26000
89500
115500
170
39500
46000
85500
175
72000
6500
78500
180
126000
2000
128000
185
206500
0
206500
190
300500
0
300500
195
396000
0
396000
200
492000
0
492000
210
692000
0
692000
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.