Intercontinental Exchange Inc.Close $151.69EOD only
Max Pain
$150.00
Next expiry May 22, 2026
Expected Move
±$2.75
1.8% from close
Price Gap
-1.69
Distance to max pain
IV Rank
16
Low premium
P/C OI
0.72
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects ICE 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 — ICE
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $150.00 (1.69 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$150.00
Nearest expiry
Expected Move
±$2.75
±1.8%
Days to Expiry
2
Calendar days
Total Call OI
2,261
Nearest expiry
Total Put OI
1,371
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$151.69
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
$152.50
5/8/2026, 11:16:01 PM
2026-05-15
$157.50
5/15/2026, 11:21:16 PM
2026-05-22NextUpdated
$150.00
5/20/2026, 11:17:52 PM
2026-05-29
$155.00
5/20/2026, 11:17:52 PM
2026-06-05
$155.00
5/20/2026, 11:17:52 PM
2026-06-12
$155.00
5/20/2026, 11:17:52 PM
2026-06-18
$160.00
5/20/2026, 11:17:52 PM
2026-06-26
$155.00
5/20/2026, 11:17:52 PM
2026-07-17
$150.00
5/20/2026, 11:17:52 PM
2026-09-18
$160.00
5/20/2026, 11:17:52 PM
2026-12-18
$160.00
5/20/2026, 11:17:52 PM
2027-01-15
$150.00
5/20/2026, 11:17:52 PM
2027-03-19
$150.00
5/20/2026, 11:17:52 PM
Selected expiration: 2026-05-22 at max pain $150.00.
ICE pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
135
0
1690350
1690350
136
0
1553550
1553550
140
0
1010350
1010350
145
0
440850
440850
146
4700
328450
333150
148
23500
103650
127150
149
32900
71550
104450
150
42300
40250
82550
152.5
68300
19500
87800
155
95050
5500
100550
157.5
126550
1000
127550
160
362800
0
362800
162.5
612050
0
612050
165
870050
0
870050
170
1426550
0
1426550
175
2556550
0
2556550
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.