This page reflects ILMN 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 — ILMN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $120.00 (21.92 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$12.80
±9.0%
Days to Expiry
29
Calendar days
Total Call OI
6,583
Nearest expiry
Total Put OI
3,410
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$141.92
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
$125.00
4/17/2026, 11:15:37 PM
2026-05-15
$135.00
5/15/2026, 11:16:59 PM
2026-06-18NextUpdated
$120.00
5/20/2026, 11:17:03 PM
2026-07-17
$125.00
5/20/2026, 11:17:03 PM
2026-09-18
$135.00
5/20/2026, 11:17:03 PM
2026-12-18
$110.00
5/20/2026, 11:17:03 PM
2027-01-15
$120.00
5/20/2026, 11:17:03 PM
Selected expiration: 2026-06-18 at max pain $120.00.
ILMN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
24955500
24955500
40
5000
23252000
23257000
45
15000
21554500
21569500
50
32500
19864000
19896500
55
53500
18207500
18261000
60
77500
16559000
16636500
65
101500
14919500
15021000
70
129500
13283500
13413000
75
170000
11647500
11817500
80
212500
10011500
10224000
85
278500
8550000
8828500
90
386000
7154500
7540500
95
663500
5918500
6582000
100
964000
4923000
5887000
105
1363000
3972500
5335500
110
1775000
3066500
4841500
115
2220500
2302000
4522500
120
2688000
1615500
4303500
125
3275500
1165000
4440500
130
3933000
792500
4725500
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.