This page reflects HD 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 — HD
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $300.00 (10.58 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$300.00
Nearest expiry
Expected Move
±$6.93
±2.2%
Days to Expiry
2
Calendar days
Total Call OI
21,052
Nearest expiry
Total Put OI
17,776
Nearest expiry
P/C OI Ratio
0.84
Put-heavy
Spot Price
$310.58
Published close
Consensus
-
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
$320.00
5/8/2026, 11:16:37 PM
2026-05-15
$315.00
5/15/2026, 11:15:57 PM
2026-05-22NextUpdated
$300.00
5/20/2026, 11:16:00 PM
2026-05-29
$300.00
5/20/2026, 11:16:00 PM
2026-06-05
$315.00
5/20/2026, 11:16:00 PM
2026-06-12
$315.00
5/20/2026, 11:16:00 PM
2026-06-18
$330.00
5/20/2026, 11:16:00 PM
2026-06-26
$300.00
5/20/2026, 11:16:00 PM
2026-07-17
$315.00
5/20/2026, 11:16:00 PM
2026-08-21
$340.00
5/20/2026, 11:16:00 PM
2026-09-18
$340.00
5/20/2026, 11:16:00 PM
2026-10-16
$325.00
5/20/2026, 11:16:00 PM
2026-11-20
$320.00
5/20/2026, 11:16:00 PM
2026-12-18
$350.00
5/20/2026, 11:16:00 PM
2027-01-15
$350.00
5/20/2026, 11:16:00 PM
2027-03-19
$300.00
5/20/2026, 11:16:00 PM
Selected expiration: 2026-05-22 at max pain $300.00.
HD pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
220
0
112481000
112481000
225
14500
103681000
103695500
230
41500
94894000
94935500
235
82500
86126500
86209000
240
123500
77373500
77497000
250
227500
59867500
60095000
255
294500
51235000
51529500
260
367000
42756500
43123500
265
441500
34475500
34917000
267.5
478750
30487750
30966500
270
516000
26561500
27077500
272.5
554000
23134500
23688500
275
592000
19772000
20364000
277.5
633250
16743000
17376250
280
674500
14207500
14882000
282.5
721500
11988250
12709750
285
769750
9882000
10651750
287.5
826250
8070250
8896500
290
885750
6435250
7321000
292.5
956250
5244000
6200250
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.