This page reflects MHK 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 — MHK
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $95.00 (5.42 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$9.20
±9.2%
Days to Expiry
29
Calendar days
Total Call OI
1,607
Nearest expiry
Total Put OI
346
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$100.42
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
$95.00
4/17/2026, 11:25:26 PM
2026-05-15
$100.00
5/15/2026, 11:24:12 PM
2026-06-18NextUpdated
$95.00
5/20/2026, 11:19:36 PM
2026-07-17
$95.00
5/20/2026, 11:19:36 PM
2026-08-21
$95.00
5/20/2026, 11:19:36 PM
2026-11-20
$95.00
5/20/2026, 11:19:36 PM
Selected expiration: 2026-06-18 at max pain $95.00.
MHK pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
724500
724500
75
0
553000
553000
80
0
383000
383000
85
0
221000
221000
90
0
89000
89000
95
12000
60000
72000
100
528000
34500
562500
105
1196500
20000
1216500
110
1875000
8000
1883000
115
2575000
1000
2576000
120
3284500
0
3284500
125
4008500
0
4008500
130
4809500
0
4809500
145
7217000
0
7217000
150
8020000
0
8020000
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.