This page reflects IDCC 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 — IDCC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $290.00 (23.88 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$290.00
Nearest expiry
Expected Move
±$27.35
±10.3%
Days to Expiry
29
Calendar days
Total Call OI
1,581
Nearest expiry
Total Put OI
1,255
Nearest expiry
P/C OI Ratio
0.79
Put-heavy
Spot Price
$266.12
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
$340.00
4/17/2026, 11:17:21 PM
2026-05-15
$280.00
5/15/2026, 11:19:16 PM
2026-06-18NextUpdated
$290.00
5/20/2026, 11:13:41 PM
2026-07-17
$280.00
5/20/2026, 11:13:41 PM
2026-09-18
$330.00
5/20/2026, 11:13:41 PM
2026-12-18
$310.00
5/20/2026, 11:13:41 PM
Selected expiration: 2026-06-18 at max pain $290.00.
IDCC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
165
0
10671500
10671500
170
3500
10059500
10063000
175
7500
9450500
9458000
180
15000
8844500
8859500
185
23000
8241000
8264000
190
31000
7637500
7668500
195
39500
7038000
7077500
200
48000
6445000
6493000
210
66000
5278000
5344000
220
84000
4116000
4200000
230
104000
3154000
3258000
240
126000
2404000
2530000
250
149000
1803000
1952000
260
176000
1319000
1495000
270
205000
871000
1076000
280
262000
452000
714000
290
366000
331000
697000
300
518000
228000
746000
310
1099000
152000
1251000
320
2011000
88000
2099000
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.