This page reflects MOD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — MOD
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $260.00 (15.51 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$260.00
Nearest expiry
Expected Move
±$51.55
±21.1%
Days to Expiry
30
Calendar days
Total Call OI
2,999
Nearest expiry
Total Put OI
3,681
Nearest expiry
P/C OI Ratio
1.23
Put-heavy
Spot Price
$244.49
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
$210.00
4/17/2026, 11:20:12 PM
2026-05-15
$220.00
5/15/2026, 11:23:53 PM
2026-06-18NextUpdated
$260.00
5/19/2026, 11:24:26 PM
2026-07-17
$270.00
5/19/2026, 11:24:26 PM
2026-08-21
$185.00
5/19/2026, 11:24:26 PM
2026-11-20
$250.00
5/19/2026, 11:24:26 PM
2027-01-15
$170.00
5/19/2026, 11:24:26 PM
Selected expiration: 2026-06-18 at max pain $260.00.
MOD pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
29701500
29701500
130
500
27719000
27719500
135
3500
25736500
25740000
140
8500
23754000
23762500
145
14000
21771500
21785500
150
19500
19790500
19810000
155
25000
17823000
17848000
160
30500
15856500
15887000
165
36000
14409000
14445000
170
41500
13078000
13119500
175
47000
11760000
11807000
180
53000
10703000
10756000
185
59500
9794000
9853500
190
67500
8888500
8956000
195
76000
8040500
8116500
200
86000
7198000
7284000
210
115000
5693000
5808000
220
151000
4232000
4383000
230
190000
2884000
3074000
240
235000
1727000
1962000
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.