This page reflects MEDP 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 — MEDP
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $430.00 (8.13 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$430.00
Nearest expiry
Expected Move
±$34.75
±8.2%
Days to Expiry
29
Calendar days
Total Call OI
226
Nearest expiry
Total Put OI
281
Nearest expiry
P/C OI Ratio
1.24
Put-heavy
Spot Price
$421.87
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
$460.00
4/17/2026, 11:20:47 PM
2026-05-15
$400.00
5/15/2026, 11:26:41 PM
2026-06-18NextUpdated
$430.00
5/20/2026, 11:19:40 PM
2026-09-18
$420.00
5/20/2026, 11:19:40 PM
2026-12-18
$570.00
5/20/2026, 11:19:40 PM
2027-01-15
$450.00
5/20/2026, 11:19:40 PM
Selected expiration: 2026-06-18 at max pain $430.00.
MEDP pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
280
0
3394000
3394000
290
0
3113000
3113000
300
0
2832000
2832000
310
0
2562000
2562000
320
0
2306000
2306000
330
0
2050000
2050000
340
1000
1794000
1795000
350
3000
1546000
1549000
360
6000
1325000
1331000
370
9000
1106000
1115000
380
14000
891000
905000
390
30000
695000
725000
400
56000
545000
601000
410
92000
455000
547000
420
139000
368000
507000
430
192000
299000
491000
440
258000
251000
509000
450
325000
203000
528000
460
403000
179000
582000
470
487000
155000
642000
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.