What is MELI max pain this week?

MELI max pain for the nearest expiration (2026-05-22) is $1600.00. Total call open interest: 3,530. Total put open interest: 2,299.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options MELIMax Pain

MELI

MercadoLibre, Inc.Close $1651.20EOD only

Max Pain

$1600.00

Next expiry May 22, 2026

Expected Move

±$45.60

2.8% from close

Price Gap

-51.20

Distance to max pain

IV Rank

Low premium

P/C OI

0.87

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: May 20, 2026 close

End-of-day snapshot

This page reflects MELI 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 — MELI

Data as of market close May 20, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-05-22 shows max pain at $1600.00 (51.20 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$1600.00

Nearest expiry

Expected Move

±$45.60

±2.8%

Days to Expiry

Calendar days

Total Call OI

3,530

Nearest expiry

Total Put OI

2,299

Nearest expiry

P/C OI Ratio

0.65

Put-heavy

Spot Price

$1651.20

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	$1825.00	5/8/2026, 11:20:08 PM
2026-05-15	$1600.00	5/15/2026, 11:24:11 PM
2026-05-22NextUpdated	$1600.00	5/20/2026, 11:20:33 PM
2026-05-29	$1630.00	5/20/2026, 11:20:33 PM
2026-06-05	$1680.00	5/20/2026, 11:20:33 PM
2026-06-12	$1750.00	5/20/2026, 11:20:33 PM
2026-06-18	$1680.00	5/20/2026, 11:20:33 PM
2026-06-26	$1630.00	5/20/2026, 11:20:33 PM
2026-07-17	$1760.00	5/20/2026, 11:20:33 PM
2026-08-21	$1680.00	5/20/2026, 11:20:33 PM
2026-09-18	$1820.00	5/20/2026, 11:20:33 PM
2026-10-16	$1650.00	5/20/2026, 11:20:33 PM
2026-12-18	$1820.00	5/20/2026, 11:20:33 PM
2027-01-15	$1600.00	5/20/2026, 11:20:33 PM
2027-03-19	$1700.00	5/20/2026, 11:20:33 PM

Selected expiration: 2026-05-22 at max pain $1600.00.

MELI pain by strike for 2026-05-22 expiration
Strike	Call Pain	Put Pain	Total Pain
1200	0	74491000	74491000
1220	0	69967000	69967000
1240	0	65519000	65519000
1260	0	61087000	61087000
1280	0	56699000	56699000
1300	0	52429000	52429000
1320	4000	48251000	48255000
1340	8000	44117000	44125000
1360	12000	39997000	40009000
1375	15000	36916000	36931000
1380	16000	35890500	35906500
1390	18000	33847500	33865500
1400	20000	31805500	31825500
1405	23000	30811500	30834500
1415	29000	28826500	28855500
1420	32000	27835500	27867500
1425	35000	26851500	26886500
1430	38500	25881500	25920000
1440	45500	24019500	24065000
1445	50000	23103000	23153000

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.