This page reflects LI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — LI
Data as of market close May 19, 2026
Nearest listed expiration 2026-05-22 shows max pain at $18.00 (1.82 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$0.55
±3.4%
Days to Expiry
3
Calendar days
Total Call OI
3,307
Nearest expiry
Total Put OI
2,120
Nearest expiry
P/C OI Ratio
0.64
Put-heavy
Spot Price
$16.18
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
$18.00
5/8/2026, 11:20:42 PM
2026-05-15
$17.00
5/15/2026, 11:25:58 PM
2026-05-22NextUpdated
$18.00
5/19/2026, 11:17:36 PM
2026-05-29
$18.00
5/19/2026, 11:17:36 PM
2026-06-05
$18.50
5/19/2026, 11:17:36 PM
2026-06-12
$17.50
5/19/2026, 11:17:36 PM
2026-06-18
$19.00
5/19/2026, 11:17:36 PM
2026-06-26
$19.00
5/19/2026, 11:17:36 PM
2026-07-17
$18.00
5/19/2026, 11:17:36 PM
2026-09-18
$19.00
5/19/2026, 11:17:36 PM
2026-12-18
$18.00
5/19/2026, 11:17:36 PM
2027-01-15
$20.00
5/19/2026, 11:17:36 PM
Selected expiration: 2026-05-22 at max pain $18.00.
LI pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
1494900
1494900
11
500
1282900
1283400
12
1400
1070900
1072300
12.5
2050
964900
966950
13
2850
858900
861750
14
4850
646900
651750
14.5
5850
541100
546950
15
6900
436800
443700
15.5
8000
336150
344150
16
9100
246800
255900
16.5
13600
164250
177850
17
38950
104150
143100
17.5
64300
47750
112050
18
102750
7000
109750
18.5
158300
4250
162550
19
216400
2300
218700
19.5
307700
1000
308700
20
412250
350
412600
20.5
550350
300
550650
21
690750
250
691000
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.