This page reflects ITT 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 — ITT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $200.00 (6.66 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$200.00
Nearest expiry
Expected Move
±$13.80
±7.1%
Days to Expiry
29
Calendar days
Total Call OI
145
Nearest expiry
Total Put OI
2,012
Nearest expiry
P/C OI Ratio
13.88
Put-heavy
Spot Price
$193.34
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
$185.00
4/17/2026, 11:20:57 PM
2026-05-15
$210.00
5/15/2026, 11:21:48 PM
2026-06-18NextUpdated
$200.00
5/20/2026, 11:18:41 PM
2026-07-17
$190.00
5/20/2026, 11:18:41 PM
2026-10-16
$180.00
5/20/2026, 11:18:41 PM
2027-01-15
$140.00
5/20/2026, 11:18:41 PM
Selected expiration: 2026-06-18 at max pain $200.00.
ITT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
175
0
3729000
3729000
180
500
2723000
2723500
185
1000
1718500
1719500
190
1500
716000
717500
195
2000
363500
365500
200
4000
13000
17000
210
59000
6000
65000
220
115000
0
115000
230
246000
0
246000
240
379000
0
379000
250
513000
0
513000
260
649000
0
649000
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.