This page reflects MBLY 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 — MBLY
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $9.50 (0.27 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.50
Nearest expiry
Expected Move
±$0.55
±5.6%
Days to Expiry
2
Calendar days
Total Call OI
8,797
Nearest expiry
Total Put OI
4,578
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$9.77
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
$8.50
5/8/2026, 11:20:07 PM
2026-05-15
$9.50
5/15/2026, 11:26:11 PM
2026-05-22NextUpdated
$9.50
5/20/2026, 11:18:20 PM
2026-05-29
$8.50
5/20/2026, 11:18:20 PM
2026-06-05
$9.50
5/20/2026, 11:18:20 PM
2026-06-12
$9.50
5/20/2026, 11:18:20 PM
2026-06-18
$10.00
5/20/2026, 11:18:20 PM
2026-06-26
$9.50
5/20/2026, 11:18:20 PM
2026-07-17
$10.00
5/20/2026, 11:18:20 PM
2026-08-21
$8.00
5/20/2026, 11:18:20 PM
2026-11-20
$10.00
5/20/2026, 11:18:20 PM
2027-01-15
$12.00
5/20/2026, 11:18:20 PM
Selected expiration: 2026-05-22 at max pain $9.50.
MBLY pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
2736900
2736900
3.5
0
2508000
2508000
4
300
2279100
2279400
4.5
5700
2050200
2055900
5
11450
1821300
1832750
5.5
17450
1593050
1610500
6
31950
1364800
1396750
6.5
46700
1136850
1183550
7
61450
909050
970500
7.5
76400
682650
759050
8
93650
477950
571600
8.5
111800
297700
409500
9
141600
139000
280600
9.5
196450
35050
231500
10
288200
9750
297950
10.5
477050
6950
484000
11
825650
5100
830750
11.5
1205400
3350
1208750
12
1615450
2700
1618150
12.5
2038200
2150
2040350
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.