This page reflects KSS 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 — KSS
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $12.00 (0.21 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.00
Nearest expiry
Expected Move
±$0.61
±5.0%
Days to Expiry
2
Calendar days
Total Call OI
3,386
Nearest expiry
Total Put OI
2,494
Nearest expiry
P/C OI Ratio
0.74
Put-heavy
Spot Price
$12.21
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
$14.00
5/8/2026, 11:18:33 PM
2026-05-15
$13.00
5/15/2026, 11:22:15 PM
2026-05-22NextUpdated
$12.00
5/20/2026, 11:17:40 PM
2026-05-29
$12.50
5/20/2026, 11:17:40 PM
2026-06-05
$13.00
5/20/2026, 11:17:40 PM
2026-06-12
$13.00
5/20/2026, 11:17:40 PM
2026-06-18
$15.00
5/20/2026, 11:17:40 PM
2026-06-26
$12.00
5/20/2026, 11:17:40 PM
2026-07-17
$15.00
5/20/2026, 11:17:40 PM
2026-09-18
$15.00
5/20/2026, 11:17:40 PM
2026-10-16
$16.00
5/20/2026, 11:17:40 PM
2026-12-18
$16.00
5/20/2026, 11:17:40 PM
2027-01-15
$12.50
5/20/2026, 11:17:40 PM
2027-03-19
$15.00
5/20/2026, 11:17:40 PM
Selected expiration: 2026-05-22 at max pain $12.00.
KSS pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
7
0
1303800
1303800
8
2200
1054400
1056600
9
6000
805000
811000
10
10100
556000
566100
10.5
12250
431950
444200
11
14400
310800
325200
11.5
20450
203200
223650
12
40900
141900
182800
12.5
110650
110400
221050
13
210550
88550
299100
13.5
320150
75550
395700
14
439000
64350
503350
14.5
572250
56250
628500
15
708200
48700
756900
15.5
850500
42900
893400
16
994850
37200
1032050
16.5
1144500
32550
1177050
17
1297750
27900
1325650
17.5
1452350
23250
1475600
18
1606950
18600
1625550
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.