This page reflects MKSI 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 — MKSI
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $290.00 (21.51 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$290.00
Nearest expiry
Expected Move
±$43.70
±14.0%
Days to Expiry
29
Calendar days
Total Call OI
878
Nearest expiry
Total Put OI
1,792
Nearest expiry
P/C OI Ratio
2.04
Put-heavy
Spot Price
$311.51
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
$200.00
4/17/2026, 11:25:02 PM
2026-05-15
$270.00
5/15/2026, 11:24:25 PM
2026-06-18NextUpdated
$290.00
5/20/2026, 11:20:15 PM
2026-07-17
$230.00
5/20/2026, 11:20:15 PM
2026-10-16
$210.00
5/20/2026, 11:20:15 PM
2026-12-18
$260.00
5/20/2026, 11:20:15 PM
2027-01-15
$250.00
5/20/2026, 11:20:15 PM
Selected expiration: 2026-06-18 at max pain $290.00.
MKSI pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
155
0
18449500
18449500
180
0
13974500
13974500
185
0
13080500
13080500
190
0
12188000
12188000
200
1000
10403000
10404000
210
2000
8624000
8626000
220
3000
6867000
6870000
230
5000
5147000
5152000
240
12000
3746000
3758000
250
22000
2896000
2918000
260
38000
2093000
2131000
270
55000
1303000
1358000
280
78000
647000
725000
290
119000
53000
172000
300
163000
34000
197000
310
227000
20000
247000
320
305000
11000
316000
330
449000
10000
459000
340
1176000
9000
1185000
350
1923000
8000
1931000
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.