This page reflects IMO 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 — IMO
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $130.00 (3.84 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$11.00
±8.2%
Days to Expiry
29
Calendar days
Total Call OI
238
Nearest expiry
Total Put OI
52
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$133.84
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
$120.00
4/17/2026, 11:20:33 PM
2026-05-15
$115.00
5/15/2026, 11:19:32 PM
2026-06-18NextUpdated
$130.00
5/20/2026, 11:14:19 PM
2026-07-17
$130.00
5/20/2026, 11:14:19 PM
2026-08-21
$110.00
5/20/2026, 11:14:19 PM
2026-11-20
$110.00
5/20/2026, 11:14:19 PM
Selected expiration: 2026-06-18 at max pain $130.00.
IMO pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
178500
178500
100
0
126500
126500
105
0
103000
103000
110
0
80500
80500
115
2000
59000
61000
120
4000
38000
42000
125
7500
21500
29000
130
13500
9500
23000
135
40500
1500
42000
140
97000
1000
98000
145
168000
500
168500
150
251000
0
251000
155
344500
0
344500
160
453500
0
453500
175
810500
0
810500
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.