This page reflects KMB 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 — KMB
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $96.00 (1.55 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$96.00
Nearest expiry
Expected Move
±$1.72
±1.8%
Days to Expiry
2
Calendar days
Total Call OI
4,793
Nearest expiry
Total Put OI
3,119
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$97.55
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
$96.00
5/8/2026, 11:17:24 PM
2026-05-15
$98.00
5/15/2026, 11:20:59 PM
2026-05-22NextUpdated
$96.00
5/20/2026, 11:18:24 PM
2026-05-29
$98.00
5/20/2026, 11:18:24 PM
2026-06-05
$99.00
5/20/2026, 11:18:24 PM
2026-06-12
$97.00
5/20/2026, 11:18:24 PM
2026-06-18
$100.00
5/20/2026, 11:18:24 PM
2026-06-26
$97.00
5/20/2026, 11:18:24 PM
2026-07-17
$100.00
5/20/2026, 11:18:24 PM
2026-08-21
$100.00
5/20/2026, 11:18:24 PM
2026-09-18
$100.00
5/20/2026, 11:18:24 PM
2026-10-16
$95.00
5/20/2026, 11:18:24 PM
2026-12-18
$100.00
5/20/2026, 11:18:24 PM
2027-01-15
$100.00
5/20/2026, 11:18:24 PM
2027-03-19
$95.00
5/20/2026, 11:18:24 PM
Selected expiration: 2026-05-22 at max pain $96.00.
KMB pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
12095200
12095200
60
0
10536200
10536200
65
1000
8978700
8979700
75
3000
5865700
5868700
80
4000
4309700
4313700
82
4400
3687700
3692100
83
4700
3376900
3381600
84
5200
3066100
3071300
85
6200
2755600
2761800
86
8100
2445500
2453600
87
11000
2135900
2146900
88
14100
1830000
1844100
89
17200
1532700
1549900
90
20500
1249600
1270100
91
24000
971700
995700
92
28300
699100
727400
93
36100
433700
469800
94
44800
178900
223700
95
54900
81200
136100
96
66900
47900
114800
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.