This page reflects MET 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 — MET
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $77.50 (5.01 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$77.50
Nearest expiry
Expected Move
±$4.70
±5.7%
Days to Expiry
29
Calendar days
Total Call OI
16,643
Nearest expiry
Total Put OI
22,873
Nearest expiry
P/C OI Ratio
1.37
Put-heavy
Spot Price
$82.51
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
$75.00
4/17/2026, 11:24:56 PM
2026-05-15
$77.50
5/15/2026, 11:27:18 PM
2026-06-18NextUpdated
$77.50
5/20/2026, 11:20:46 PM
2026-07-17
$80.00
5/20/2026, 11:20:46 PM
2026-08-21
$77.50
5/20/2026, 11:20:46 PM
2026-09-18
$75.00
5/20/2026, 11:20:46 PM
2026-12-18
$80.00
5/20/2026, 11:20:46 PM
2027-01-15
$77.50
5/20/2026, 11:20:46 PM
2027-03-19
$82.50
5/20/2026, 11:20:46 PM
Selected expiration: 2026-06-18 at max pain $77.50.
MET pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
37.5
0
75335000
75335000
40
0
69617250
69617250
42.5
500
64037250
64037750
45
1000
58458500
58459500
47.5
2250
52879750
52882000
50
3750
47301000
47304750
55
6750
36143500
36150250
60
9750
25032500
25042250
62.5
12250
19657250
19669500
65
14750
15039000
15053750
67.5
18000
11093500
11111500
70
21250
7215250
7236500
72.5
75500
4224750
4300250
75
176000
1883750
2059750
77.5
851500
905750
1757250
80
1703000
66000
1769000
82.5
4209250
6000
4215250
85
7139500
1500
7141000
87.5
10552750
750
10553500
90
14205000
500
14205500
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.