This page reflects J 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 — J
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $115.00 (1.18 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$8.55
±7.5%
Days to Expiry
29
Calendar days
Total Call OI
804
Nearest expiry
Total Put OI
445
Nearest expiry
P/C OI Ratio
0.55
Put-heavy
Spot Price
$113.82
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
$135.00
4/17/2026, 11:17:09 PM
2026-05-15
$120.00
5/15/2026, 11:22:44 PM
2026-06-18NextUpdated
$115.00
5/20/2026, 11:17:51 PM
2026-07-17
$115.00
5/20/2026, 11:17:51 PM
2026-10-16
$110.00
5/20/2026, 11:17:51 PM
2026-12-18
$105.00
5/20/2026, 11:17:51 PM
2027-01-15
$80.00
5/20/2026, 11:17:51 PM
Selected expiration: 2026-06-18 at max pain $115.00.
J pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
1312500
1312500
80
0
1100500
1100500
90
0
696500
696500
95
0
495000
495000
100
0
295500
295500
105
2500
197500
200000
110
5500
115000
120500
115
14000
64000
78000
120
77500
27500
105000
125
400500
7500
408000
130
753000
3500
756500
135
1127500
2000
1129500
140
1508500
1000
1509500
145
1904000
0
1904000
150
2302500
0
2302500
155
2703000
0
2703000
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.