This page reflects MIDD 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 — MIDD
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $135.00 (8.40 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$135.00
Nearest expiry
Expected Move
±$11.70
±8.2%
Days to Expiry
29
Calendar days
Total Call OI
215
Nearest expiry
Total Put OI
271
Nearest expiry
P/C OI Ratio
1.26
Put-heavy
Spot Price
$143.40
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
$140.00
4/17/2026, 11:25:16 PM
2026-05-15
$145.00
5/15/2026, 11:24:39 PM
2026-06-18NextUpdated
$135.00
5/20/2026, 11:24:25 PM
2026-09-18
$130.00
5/20/2026, 11:24:25 PM
2026-12-18
$145.00
5/20/2026, 11:24:25 PM
Selected expiration: 2026-06-18 at max pain $135.00.
MIDD pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
1855500
1855500
80
1500
1449000
1450500
85
2500
1315000
1317500
90
3500
1182000
1185500
95
4500
1049000
1053500
100
5500
918000
923500
105
6500
787500
794000
110
7500
657500
665000
115
8500
534000
542500
120
60000
411000
471000
125
111500
288500
400000
130
163000
169000
332000
135
214500
49500
264000
140
271500
31500
303000
145
333500
18500
352000
150
396500
9000
405500
155
472500
5000
477500
160
556500
2500
559000
165
646500
1000
647500
170
744500
500
745000
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.