This page reflects MP 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 — MP
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $60.00 (3.50 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$2.79
±4.9%
Days to Expiry
2
Calendar days
Total Call OI
12,169
Nearest expiry
Total Put OI
12,254
Nearest expiry
P/C OI Ratio
1.01
Put-heavy
Spot Price
$56.50
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
$66.00
5/8/2026, 11:19:35 PM
2026-05-15
$63.00
5/15/2026, 11:23:46 PM
2026-05-22NextUpdated
$60.00
5/20/2026, 11:20:36 PM
2026-05-29
$60.00
5/20/2026, 11:20:36 PM
2026-06-05
$61.00
5/20/2026, 11:20:36 PM
2026-06-12
$60.00
5/20/2026, 11:20:36 PM
2026-06-18
$60.00
5/20/2026, 11:20:36 PM
2026-06-26
$62.00
5/20/2026, 11:20:36 PM
2026-07-17
$60.00
5/20/2026, 11:20:36 PM
2026-09-18
$60.00
5/20/2026, 11:20:36 PM
2026-12-18
$65.00
5/20/2026, 11:20:36 PM
2027-01-15
$50.00
5/20/2026, 11:20:36 PM
2027-03-19
$60.00
5/20/2026, 11:20:36 PM
Selected expiration: 2026-05-22 at max pain $60.00.
MP pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
30920150
30920150
33
0
27244850
27244850
34
0
26019750
26019750
35
100
24794650
24794750
36
600
23569650
23570250
37
1600
22344650
22346250
38
3400
21119650
21123050
39
5500
19894750
19900250
40
7800
18669850
18677650
41
10400
17445050
17455450
42
13200
16220250
16233450
43
16000
14996150
15012150
44
18900
13772350
13791250
45
22200
12549050
12571250
46
26100
11331050
11357150
47
30700
10268050
10298750
48
36300
9207650
9243950
48.5
39350
8689700
8729050
49
48700
8171900
8220600
49.5
65400
7655250
7720650
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.