This page reflects MASI 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 — MASI
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $175.00 (3.79 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$175.00
Nearest expiry
Expected Move
±$1.77
±1.0%
Days to Expiry
29
Calendar days
Total Call OI
1,921
Nearest expiry
Total Put OI
4,187
Nearest expiry
P/C OI Ratio
2.18
Put-heavy
Spot Price
$178.79
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$175.00
4/17/2026, 11:18:10 PM
2026-05-15
$180.00
5/15/2026, 11:22:40 PM
2026-06-18NextUpdated
$175.00
5/20/2026, 11:18:07 PM
2026-09-18
$175.00
5/20/2026, 11:18:07 PM
2026-12-18
$160.00
5/20/2026, 11:18:07 PM
2027-01-15
$160.00
5/20/2026, 11:18:07 PM
Selected expiration: 2026-06-18 at max pain $175.00.
MASI pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
14905000
14905000
80
0
13437000
13437000
85
0
11971500
11971500
90
0
10506000
10506000
95
0
9815500
9815500
100
500
9131000
9131500
105
1000
8502000
8503000
110
2000
7873000
7875000
115
3000
7247000
7250000
125
5000
5996000
6001000
130
6000
5372000
5378000
135
7500
4758000
4765500
140
9000
4144000
4153000
145
11000
3530000
3541000
150
13500
2916500
2930000
155
17500
2303500
2321000
160
23000
1690500
1713500
165
31500
1077500
1109000
170
40000
464500
504500
175
126000
500
126500
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.