What is JPM max pain this week?

JPM max pain for the nearest expiration (2026-05-22) is $300.00. Total call open interest: 25,356. Total put open interest: 14,397.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options JPMMax Pain

JPM

JP Morgan Chase & Co.Close $301.98EOD only

Max Pain

$300.00

Next expiry May 22, 2026

Expected Move

±$4.92

1.6% from close

Price Gap

-1.98

Distance to max pain

IV Rank

Low premium

P/C OI

1.07

Balanced positioning

Consensus

4/4

Partial coverage

Published snapshot: May 20, 2026 close

End-of-day snapshot

This page reflects JPM 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 — JPM

Data as of market close May 20, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-05-22 shows max pain at $300.00 (1.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$300.00

Nearest expiry

Expected Move

±$4.92

±1.6%

Days to Expiry

Calendar days

Total Call OI

25,356

Nearest expiry

Total Put OI

14,397

Nearest expiry

P/C OI Ratio

0.57

Put-heavy

Spot Price

$301.98

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	$307.50	5/8/2026, 11:19:49 PM
2026-05-15	$300.00	5/15/2026, 11:20:24 PM
2026-05-22NextUpdated	$300.00	5/20/2026, 11:18:08 PM
2026-05-29	$302.50	5/20/2026, 11:18:08 PM
2026-06-05	$300.00	5/20/2026, 11:18:08 PM
2026-06-12	$300.00	5/20/2026, 11:18:08 PM
2026-06-18	$295.00	5/20/2026, 11:18:08 PM
2026-06-26	$305.00	5/20/2026, 11:18:08 PM
2026-07-17	$300.00	5/20/2026, 11:18:08 PM
2026-08-21	$300.00	5/20/2026, 11:18:08 PM
2026-09-18	$300.00	5/20/2026, 11:18:08 PM
2026-10-16	$305.00	5/20/2026, 11:18:08 PM
2026-11-20	$305.00	5/20/2026, 11:18:08 PM
2026-12-18	$290.00	5/20/2026, 11:18:08 PM
2027-01-15	$290.00	5/20/2026, 11:18:08 PM
2027-03-19	$310.00	5/20/2026, 11:18:08 PM

Selected expiration: 2026-05-22 at max pain $300.00.

JPM pain by strike for 2026-05-22 expiration
Strike	Call Pain	Put Pain	Total Pain
165	0	178650750	178650750
170	0	171459250	171459250
175	0	164271250	164271250
180	0	157087750	157087750
185	0	149907750	149907750
190	0	142729250	142729250
195	1000	135550750	135551750
200	4500	128372250	128376750
205	10500	121195750	121206250
210	17000	114019250	114036250
215	28500	106842750	106871250
220	40000	99672750	99712750
225	51500	92507750	92559250
230	66500	85342750	85409250
235	84000	78185250	78269250
240	111000	71027750	71138750
245	138000	63873750	64011750
250	166000	56778750	56944750
255	196000	49730250	49926250
260	227000	42709250	42936250

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.