What is KO max pain this week?

KO max pain for the nearest expiration (2026-05-22) is $80.00. Total call open interest: 20,677. Total put open interest: 14,784.

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 KOMax Pain

KO

Coca-Cola Company (The)Close $81.55EOD only

Max Pain

$80.00

Next expiry May 22, 2026

Expected Move

±$1.05

1.3% from close

Price Gap

-1.55

Distance to max pain

IV Rank

Low premium

P/C OI

0.96

Balanced positioning

Consensus

4/4

Partial coverage

Published snapshot: May 20, 2026 close

End-of-day snapshot

This page reflects KO 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 — KO

Data as of market close May 20, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-05-22 shows max pain at $80.00 (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

$80.00

Nearest expiry

Expected Move

±$1.05

±1.3%

Days to Expiry

Calendar days

Total Call OI

20,677

Nearest expiry

Total Put OI

14,784

Nearest expiry

P/C OI Ratio

0.71

Put-heavy

Spot Price

$81.55

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	$78.00	5/8/2026, 11:18:03 PM
2026-05-15	$77.50	5/15/2026, 11:21:09 PM
2026-05-22NextUpdated	$80.00	5/20/2026, 11:16:43 PM
2026-05-29	$80.00	5/20/2026, 11:16:43 PM
2026-06-05	$80.00	5/20/2026, 11:16:43 PM
2026-06-12	$81.00	5/20/2026, 11:16:43 PM
2026-06-18	$75.00	5/20/2026, 11:16:43 PM
2026-06-26	$78.00	5/20/2026, 11:16:43 PM
2026-07-17	$77.50	5/20/2026, 11:16:43 PM
2026-08-21	$75.00	5/20/2026, 11:16:43 PM
2026-09-18	$72.50	5/20/2026, 11:16:43 PM
2026-10-16	$75.00	5/20/2026, 11:16:43 PM
2026-11-20	$77.50	5/20/2026, 11:16:43 PM
2026-12-18	$70.00	5/20/2026, 11:16:43 PM
2027-01-15	$65.00	5/20/2026, 11:16:43 PM
2027-03-19	$77.50	5/20/2026, 11:16:43 PM

Selected expiration: 2026-05-22 at max pain $80.00.

KO pain by strike for 2026-05-22 expiration
Strike	Call Pain	Put Pain	Total Pain
40	0	54585700	54585700
45	0	47193700	47193700
50	2500	39801700	39804200
55	8500	32409700	32418200
60	15000	25020700	25035700
64	21800	19129900	19151700
65	24700	17657300	17682000
66	27700	16186200	16213900
67	31000	14721500	14752500
68	34500	13257400	13291900
69	38500	11793500	11832000
70	43200	10334000	10377200
71	48500	8886700	8935200
72	55200	7444000	7499200
73	62200	6042800	6105000
74	72100	4667900	4740000
75	87700	3618800	3706500
76	110500	2602700	2713200
77	148800	1649700	1798500
78	211700	947900	1159600

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.