Nearest listed expiration 2026-05-22 shows max pain at $907.50 (39.43 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$907.50
Nearest expiry
Expected Move
±$61.90
±7.1%
Days to Expiry
2
Calendar days
Total Call OI
12,849
Nearest expiry
Total Put OI
25,400
Nearest expiry
P/C OI Ratio
1.98
Put-heavy
Spot Price
$868.07
Published close
Consensus
4.5/10
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
$905.00
5/8/2026, 11:19:37 PM
2026-05-15
$925.00
5/15/2026, 11:24:10 PM
2026-05-22NextUpdated
$907.50
5/20/2026, 11:19:27 PM
2026-05-29
$865.00
5/20/2026, 11:19:27 PM
2026-06-05
$900.00
5/20/2026, 11:19:27 PM
2026-06-12
$950.00
5/20/2026, 11:19:27 PM
2026-06-18
$750.00
5/20/2026, 11:19:27 PM
2026-06-26
$925.00
5/20/2026, 11:19:27 PM
2026-07-17
$870.00
5/20/2026, 11:19:27 PM
2026-08-21
$900.00
5/20/2026, 11:19:27 PM
2026-09-18
$690.00
5/20/2026, 11:19:27 PM
2026-10-16
$900.00
5/20/2026, 11:19:27 PM
2026-12-18
$900.00
5/20/2026, 11:19:27 PM
2027-01-15
$640.00
5/20/2026, 11:19:27 PM
2027-03-19
$920.00
5/20/2026, 11:19:27 PM
Selected expiration: 2026-05-22 at max pain $907.50.
LITE pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
365
0
960370750
960370750
370
500
947743750
947744250
375
1000
935226250
935227250
380
1500
922708750
922710250
385
2000
910194750
910196750
390
2500
897681750
897684250
395
4000
885186750
885190750
400
5500
872696250
872701750
405
7000
860223750
860230750
410
8500
847752750
847761250
415
10000
835282750
835292750
420
11500
822813250
822824750
425
13500
810362750
810376250
430
15500
797912250
797927750
435
17500
785461750
785479250
440
19500
773011250
773030750
445
21500
760561750
760583250
450
23500
748150750
748174250
455
25500
735754750
735780250
460
27500
723384750
723412250
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.