This page reflects IDT 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 — IDT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $42.00 (10.74 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.00
Nearest expiry
Expected Move
±$4.67
±8.9%
Days to Expiry
29
Calendar days
Total Call OI
61
Nearest expiry
Total Put OI
31
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$52.74
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
$50.00
4/17/2026, 11:18:34 PM
2026-05-15
$50.00
5/15/2026, 11:17:34 PM
2026-06-18NextUpdated
$42.00
5/20/2026, 11:17:04 PM
2026-07-17
$50.00
5/20/2026, 11:17:04 PM
2026-09-18
$50.00
5/20/2026, 11:17:04 PM
2026-12-18
$45.00
5/20/2026, 11:17:04 PM
Selected expiration: 2026-06-18 at max pain $42.00.
IDT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
61400
61400
39
28000
19400
47400
40
30000
16800
46800
41
32000
14400
46400
42
34000
12300
46300
43
36000
10500
46500
44
38000
8900
46900
45
40000
7500
47500
46
42000
6200
48200
47
44000
5000
49000
48
46000
3900
49900
49
48000
2900
50900
50
50000
2000
52000
55
65000
0
65000
60
90000
0
90000
70
145000
0
145000
75
173000
0
173000
80
202000
0
202000
90
261000
0
261000
95
291000
0
291000
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.