This page reflects JNJ 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 — JNJ
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $227.50 (1.82 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$227.50
Nearest expiry
Expected Move
±$3.45
±1.5%
Days to Expiry
2
Calendar days
Total Call OI
10,215
Nearest expiry
Total Put OI
4,490
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$229.32
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$225.00
5/8/2026, 11:16:22 PM
2026-05-15
$230.00
5/15/2026, 11:20:00 PM
2026-05-22NextUpdated
$227.50
5/20/2026, 11:18:22 PM
2026-05-29
$227.50
5/20/2026, 11:18:22 PM
2026-06-05
$220.00
5/20/2026, 11:18:22 PM
2026-06-12
$220.00
5/20/2026, 11:18:22 PM
2026-06-18
$210.00
5/20/2026, 11:18:22 PM
2026-06-26
$230.00
5/20/2026, 11:18:22 PM
2026-07-17
$220.00
5/20/2026, 11:18:22 PM
2026-08-21
$230.00
5/20/2026, 11:18:22 PM
2026-09-18
$210.00
5/20/2026, 11:18:22 PM
2026-10-16
$190.00
5/20/2026, 11:18:22 PM
2026-12-18
$200.00
5/20/2026, 11:18:22 PM
2027-01-15
$200.00
5/20/2026, 11:18:22 PM
2027-03-19
$240.00
5/20/2026, 11:18:22 PM
Selected expiration: 2026-05-22 at max pain $227.50.
JNJ pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
145
0
32108250
32108250
150
0
29870750
29870750
170
6000
20920750
20926750
175
7500
18721750
18729250
180
9000
16525750
16534750
185
10500
14332250
14342750
190
12000
12138750
12150750
195
14000
10030750
10044750
200
17000
7940250
7957250
202.5
19500
6909750
6929250
205
22000
5880750
5902750
207.5
25250
4893000
4918250
210
28500
3923500
3952000
212.5
38500
3039500
3078000
215
48750
2166250
2215000
217.5
63000
1521250
1584250
220
77250
934250
1011500
222.5
102000
522500
624500
225
145750
292750
438500
227.5
239000
161500
400500
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.