Nearest listed expiration 2026-05-20 shows max pain at $607.50 (4.89 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$607.50
Nearest expiry
Expected Move
±$8.00
±1.3%
Days to Expiry
1
Calendar days
Total Call OI
19,345
Nearest expiry
Total Put OI
13,881
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$602.61
Published close
Consensus
9.0/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-20
Expiration
Max Pain Strike
Last Updated
2026-05-15
$605.00
5/15/2026, 11:25:33 PM
2026-05-18
$610.00
5/15/2026, 11:25:33 PM
2026-05-20NextUpdated
$607.50
5/19/2026, 11:24:22 PM
2026-05-22
$610.00
5/19/2026, 11:24:22 PM
2026-05-26
$605.00
5/19/2026, 11:24:22 PM
2026-05-27
$610.00
5/19/2026, 11:24:22 PM
2026-05-29
$620.00
5/19/2026, 11:24:22 PM
2026-06-05
$610.00
5/19/2026, 11:24:22 PM
2026-06-12
$600.00
5/19/2026, 11:24:22 PM
2026-06-18
$610.00
5/19/2026, 11:24:22 PM
2026-06-26
$605.00
5/19/2026, 11:24:22 PM
2026-07-17
$620.00
5/19/2026, 11:24:22 PM
2026-08-21
$630.00
5/19/2026, 11:24:22 PM
2026-09-18
$640.00
5/19/2026, 11:24:22 PM
2026-10-16
$600.00
5/19/2026, 11:24:22 PM
2026-11-20
$610.00
5/19/2026, 11:24:22 PM
2026-12-18
$570.00
5/19/2026, 11:24:22 PM
2027-01-15
$630.00
5/19/2026, 11:24:22 PM
2027-03-19
$610.00
5/19/2026, 11:24:22 PM
Selected expiration: 2026-05-20 at max pain $607.50.
META pain by strike for 2026-05-20 expiration
Strike
Call Pain
Put Pain
Total Pain
535
0
63612750
63612750
537.5
0
60180000
60180000
540
0
56926750
56926750
542.5
4250
53919500
53923750
545
8500
50915000
50923500
547.5
12750
47936250
47949000
550
17500
44959250
44976750
552.5
24000
42058000
42082000
555
33250
39161000
39194250
557.5
45750
36420500
36466250
560
60250
33685250
33745500
562.5
86250
31247500
31333750
565
115000
28815750
28930750
567.5
148250
26424750
26573000
570
184500
24041250
24225750
572.5
224250
21751000
21975250
575
267250
19492250
19759500
577.5
318750
17296750
17615500
580
370250
15120500
15490750
582.5
447500
13320250
13767750
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.