This page reflects IT 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 — IT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $150.00 (8.46 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$150.00
Nearest expiry
Expected Move
±$18.50
±11.7%
Days to Expiry
29
Calendar days
Total Call OI
3,185
Nearest expiry
Total Put OI
1,426
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$158.46
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
$155.00
4/17/2026, 11:17:22 PM
2026-05-15
$150.00
5/15/2026, 11:20:17 PM
2026-06-18NextUpdated
$150.00
5/20/2026, 11:19:45 PM
2026-07-17
$160.00
5/20/2026, 11:19:45 PM
2026-09-18
$155.00
5/20/2026, 11:19:45 PM
2026-12-18
$185.00
5/20/2026, 11:19:45 PM
Selected expiration: 2026-06-18 at max pain $150.00.
IT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
9990000
9990000
80
0
9309000
9309000
85
0
8633000
8633000
100
3000
6605000
6608000
105
11000
5931500
5942500
110
19000
5259500
5278500
115
27000
4589000
4616000
120
35000
3980500
4015500
125
43000
3401000
3444000
130
51000
2826500
2877500
135
59000
2325500
2384500
140
72000
1854500
1926500
145
143500
1533500
1677000
150
383500
1229500
1613000
155
762000
982000
1744000
160
1172000
779000
1951000
165
1609500
642500
2252000
170
2189000
524000
2713000
175
2899000
421500
3320500
180
3796000
338000
4134000
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.