This page reflects HUT 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 — HUT
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $102.00 (5.49 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$102.00
Nearest expiry
Expected Move
±$7.00
±7.3%
Days to Expiry
2
Calendar days
Total Call OI
13,219
Nearest expiry
Total Put OI
38,482
Nearest expiry
P/C OI Ratio
2.91
Put-heavy
Spot Price
$96.51
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
$79.00
5/8/2026, 11:16:56 PM
2026-05-15
$90.00
5/15/2026, 11:20:04 PM
2026-05-22NextUpdated
$102.00
5/20/2026, 11:17:07 PM
2026-05-29
$100.00
5/20/2026, 11:17:07 PM
2026-06-05
$100.00
5/20/2026, 11:17:07 PM
2026-06-12
$105.00
5/20/2026, 11:17:07 PM
2026-06-18
$65.00
5/20/2026, 11:17:07 PM
2026-06-26
$100.00
5/20/2026, 11:17:07 PM
2026-07-17
$60.00
5/20/2026, 11:17:07 PM
2026-09-18
$50.00
5/20/2026, 11:17:07 PM
2026-10-16
$65.00
5/20/2026, 11:17:07 PM
2026-11-20
$85.00
5/20/2026, 11:17:07 PM
2027-01-15
$40.00
5/20/2026, 11:17:07 PM
Selected expiration: 2026-05-22 at max pain $102.00.
HUT pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
157108050
157108050
25
0
137868550
137868550
30
0
118629050
118629050
35
0
99663050
99663050
38
900
88366850
88367750
39
1200
84691050
84692250
40
1500
81055150
81056650
41
1800
77616450
77618250
42
2100
74258350
74260450
43
2400
70966550
70968950
44
2700
67848350
67851050
45
3000
64777050
64780050
46
3500
61805050
61808550
47
4000
58956150
58960150
48
4500
56235750
56240250
48.5
4750
55066350
55071100
49
5000
53966100
53971100
49.5
6200
52933700
52939900
50
7400
51962700
51970100
51
10700
50222300
50233000
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.