This page reflects IR 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 — IR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $80.00 (9.63 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$5.78
±8.2%
Days to Expiry
29
Calendar days
Total Call OI
2,506
Nearest expiry
Total Put OI
1,359
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$70.37
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
$85.00
4/17/2026, 11:15:49 PM
2026-05-15
$75.00
5/15/2026, 11:20:08 PM
2026-06-18NextUpdated
$80.00
5/20/2026, 11:15:36 PM
2026-07-17
$70.00
5/20/2026, 11:15:36 PM
2026-09-18
$90.00
5/20/2026, 11:15:36 PM
2026-12-18
$70.00
5/20/2026, 11:15:36 PM
2027-01-15
$90.00
5/20/2026, 11:15:36 PM
2027-03-19
$80.00
5/20/2026, 11:15:36 PM
Selected expiration: 2026-06-18 at max pain $80.00.
IR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
2824000
2824000
55
0
2144500
2144500
60
0
1467500
1467500
65
0
948000
948000
70
2000
440000
442000
75
26500
251000
277500
80
73000
145500
218500
85
179000
92000
271000
90
298000
39000
337000
95
524500
0
524500
100
1290500
0
1290500
105
2078000
0
2078000
110
3330500
0
3330500
115
4583000
0
4583000
120
5835500
0
5835500
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.