This page reflects MOS 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 — MOS
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $22.50 (0.64 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.50
Nearest expiry
Expected Move
±$0.77
±3.5%
Days to Expiry
2
Calendar days
Total Call OI
7,812
Nearest expiry
Total Put OI
5,258
Nearest expiry
P/C OI Ratio
0.67
Put-heavy
Spot Price
$21.86
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
$23.00
5/8/2026, 11:23:38 PM
2026-05-15
$24.00
5/15/2026, 11:23:58 PM
2026-05-22NextUpdated
$22.50
5/20/2026, 11:20:00 PM
2026-05-29
$22.00
5/20/2026, 11:20:00 PM
2026-06-05
$22.00
5/20/2026, 11:20:00 PM
2026-06-12
$23.00
5/20/2026, 11:20:00 PM
2026-06-18
$25.00
5/20/2026, 11:20:00 PM
2026-06-26
$22.00
5/20/2026, 11:20:00 PM
2026-07-17
$22.00
5/20/2026, 11:20:00 PM
2026-09-18
$25.00
5/20/2026, 11:20:00 PM
2026-12-18
$25.00
5/20/2026, 11:20:00 PM
2027-01-15
$27.50
5/20/2026, 11:20:00 PM
2027-03-19
$25.00
5/20/2026, 11:20:00 PM
Selected expiration: 2026-05-22 at max pain $22.50.
MOS pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
4777700
4777700
14
300
4251900
4252200
15
1200
3726100
3727300
16
2200
3200300
3202500
17
3200
2674500
2677700
18
4800
2148700
2153500
19
6600
1623200
1629800
19.5
7900
1362500
1370400
20
9200
1106000
1115200
20.5
12550
866850
879400
21
16950
634300
651250
21.5
37450
449000
486450
22
74450
306400
380850
22.5
158000
194700
352700
23
301550
111000
412550
23.5
465850
79850
545700
24
661850
49250
711100
24.5
908700
28650
937350
25
1157950
21250
1179200
25.5
1438000
17200
1455200
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.