This page reflects MO 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 — MO
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $70.00 (3.33 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$1.21
±1.6%
Days to Expiry
2
Calendar days
Total Call OI
9,728
Nearest expiry
Total Put OI
3,785
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$73.33
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
$67.00
5/8/2026, 11:22:18 PM
2026-05-15
$67.50
5/15/2026, 11:28:25 PM
2026-05-22NextUpdated
$70.00
5/20/2026, 11:22:18 PM
2026-05-29
$70.00
5/20/2026, 11:22:18 PM
2026-06-05
$69.00
5/20/2026, 11:22:18 PM
2026-06-12
$71.00
5/20/2026, 11:22:18 PM
2026-06-18
$62.50
5/20/2026, 11:22:18 PM
2026-06-26
$68.00
5/20/2026, 11:22:18 PM
2026-07-17
$67.50
5/20/2026, 11:22:18 PM
2026-09-18
$65.00
5/20/2026, 11:22:18 PM
2026-12-18
$60.00
5/20/2026, 11:22:18 PM
2027-01-15
$60.00
5/20/2026, 11:22:18 PM
2027-03-19
$70.00
5/20/2026, 11:22:18 PM
Selected expiration: 2026-05-22 at max pain $70.00.
MO pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
52
0
6664400
6664400
53
300
6285900
6286200
54
1300
5907500
5908800
55
3300
5529100
5532400
56
5700
5150700
5156400
57
8800
4772300
4781100
58
20900
4400500
4421400
59
33000
4028800
4061800
60
45100
3661700
3706800
61
58100
3299600
3357700
62
71300
2965900
3037200
63
84900
2636300
2721200
64
99300
2309500
2408800
65
119400
1987500
2106900
66
147300
1671700
1819000
67
185400
1361100
1546500
68
241100
1066400
1307500
69
330100
784600
1114700
70
491300
534400
1025700
71
734600
344500
1079100
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.