This page reflects MOH 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 — MOH
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $175.00 (7.24 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$175.00
Nearest expiry
Expected Move
±$18.35
±10.1%
Days to Expiry
29
Calendar days
Total Call OI
5,355
Nearest expiry
Total Put OI
5,915
Nearest expiry
P/C OI Ratio
1.10
Put-heavy
Spot Price
$182.24
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, 11:18:39 PM
2026-05-15
$160.00
5/15/2026, 11:25:49 PM
2026-06-18NextUpdated
$175.00
5/20/2026, 11:23:05 PM
2026-07-17
$185.00
5/20/2026, 11:23:05 PM
2026-08-21
$160.00
5/20/2026, 11:23:05 PM
2026-09-18
$175.00
5/20/2026, 11:23:05 PM
2026-10-16
$195.00
5/20/2026, 11:23:05 PM
2026-12-18
$185.00
5/20/2026, 11:23:05 PM
2027-01-15
$175.00
5/20/2026, 11:23:05 PM
Selected expiration: 2026-06-18 at max pain $175.00.
MOH pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
50220000
50220000
75
0
47263500
47263500
80
0
44307000
44307000
85
2500
41350500
41353000
90
10500
38405000
38415500
95
25000
35475000
35500000
100
45000
32570000
32615000
105
88000
29710000
29798000
110
132500
26890500
27023000
115
189500
24132500
24322000
120
253000
21435000
21688000
125
316500
19096500
19413000
130
402000
16872000
17274000
135
557500
14756500
15314000
140
772000
12754500
13526500
145
1028000
11051500
12079500
150
1317500
9395000
10712500
155
1781500
7855000
9636500
160
2285500
6436500
8722000
165
2913500
5089500
8003000
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.