This page reflects MMM 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 — MMM
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $149.00 (0.78 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$149.00
Nearest expiry
Expected Move
±$3.06
±2.0%
Days to Expiry
2
Calendar days
Total Call OI
6,547
Nearest expiry
Total Put OI
5,475
Nearest expiry
P/C OI Ratio
0.84
Put-heavy
Spot Price
$149.78
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$145.00
5/8/2026, 11:21:44 PM
2026-05-15
$145.00
5/15/2026, 11:22:54 PM
2026-05-22NextUpdated
$149.00
5/20/2026, 11:24:46 PM
2026-05-29
$146.00
5/20/2026, 11:24:46 PM
2026-06-05
$144.00
5/20/2026, 11:24:46 PM
2026-06-12
$143.00
5/20/2026, 11:24:46 PM
2026-06-18
$150.00
5/20/2026, 11:24:46 PM
2026-06-26
$144.00
5/20/2026, 11:24:46 PM
2026-07-17
$145.00
5/20/2026, 11:24:46 PM
2026-08-21
$145.00
5/20/2026, 11:24:46 PM
2026-09-18
$150.00
5/20/2026, 11:24:46 PM
2026-10-16
$150.00
5/20/2026, 11:24:46 PM
2026-12-18
$145.00
5/20/2026, 11:24:46 PM
2027-01-15
$150.00
5/20/2026, 11:24:46 PM
2027-03-19
$140.00
5/20/2026, 11:24:46 PM
Selected expiration: 2026-05-22 at max pain $149.00.
MMM pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
24493500
24493500
105
0
21757500
21757500
110
10000
19022000
19032000
115
23000
16347500
16370500
120
36000
13675000
13711000
125
49000
11047500
11096500
130
62000
8456500
8518500
131
64600
7943600
8008200
132
67200
7430900
7498100
133
72400
6919300
6991700
134
80200
6409400
6489600
135
88100
5902500
5990600
136
96700
5403000
5499700
137
105300
4906600
5011900
138
114100
4427300
4541400
139
122900
3950900
4073800
140
132500
3478900
3611400
141
142600
3021300
3163900
142
158400
2598100
2756500
143
177800
2199900
2377700
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.