This page reflects MCO 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 — MCO
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $450.00 (5.73 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$450.00
Nearest expiry
Expected Move
±$30.25
±6.8%
Days to Expiry
29
Calendar days
Total Call OI
2,141
Nearest expiry
Total Put OI
1,426
Nearest expiry
P/C OI Ratio
0.67
Put-heavy
Spot Price
$444.27
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
$440.00
4/17/2026, 11:17:24 PM
2026-05-15
$460.00
5/15/2026, 11:25:12 PM
2026-06-18NextUpdated
$450.00
5/20/2026, 11:19:11 PM
2026-07-17
$440.00
5/20/2026, 11:19:11 PM
2026-08-21
$460.00
5/20/2026, 11:19:11 PM
2026-11-20
$450.00
5/20/2026, 11:19:11 PM
2027-01-15
$450.00
5/20/2026, 11:19:11 PM
Selected expiration: 2026-06-18 at max pain $450.00.
MCO pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
300
0
16229000
16229000
330
0
11954000
11954000
340
1000
10567000
10568000
350
2000
9218000
9220000
360
3000
7890000
7893000
370
4000
6570000
6574000
380
5000
5269000
5274000
390
6000
3994000
4000000
400
9000
2744000
2753000
410
14000
1541000
1555000
420
24000
824000
848000
430
37000
526000
563000
440
53000
356000
409000
450
81000
222000
303000
460
888000
100000
988000
470
1982000
23000
2005000
480
3820000
14000
3834000
490
5789000
7000
5796000
500
7779000
0
7779000
510
9779000
0
9779000
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.