Nearest listed expiration 2026-05-20 shows max pain at $417.50 (0.08 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$417.50
Nearest expiry
Expected Move
±$6.05
±1.4%
Days to Expiry
1
Calendar days
Total Call OI
86,361
Nearest expiry
Total Put OI
26,749
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$417.42
Published close
Consensus
9.0/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-20
Expiration
Max Pain Strike
Last Updated
2026-05-15
$400.00
5/15/2026, 11:25:14 PM
2026-05-18
$407.50
5/15/2026, 11:25:14 PM
2026-05-20NextUpdated
$417.50
5/19/2026, 11:25:00 PM
2026-05-22
$412.50
5/19/2026, 11:25:00 PM
2026-05-26
$407.50
5/19/2026, 11:25:00 PM
2026-05-27
$412.50
5/19/2026, 11:25:00 PM
2026-05-29
$410.00
5/19/2026, 11:25:00 PM
2026-06-05
$410.00
5/19/2026, 11:25:00 PM
2026-06-12
$415.00
5/19/2026, 11:25:00 PM
2026-06-18
$415.00
5/19/2026, 11:25:00 PM
2026-06-26
$405.00
5/19/2026, 11:25:00 PM
2026-07-17
$410.00
5/19/2026, 11:25:00 PM
2026-08-21
$390.00
5/19/2026, 11:25:00 PM
2026-09-18
$420.00
5/19/2026, 11:25:00 PM
2026-10-16
$410.00
5/19/2026, 11:25:00 PM
2026-11-20
$415.00
5/19/2026, 11:25:00 PM
2026-12-18
$410.00
5/19/2026, 11:25:00 PM
2027-01-15
$410.00
5/19/2026, 11:25:00 PM
2027-03-19
$400.00
5/19/2026, 11:25:00 PM
Selected expiration: 2026-05-20 at max pain $417.50.
MSFT pain by strike for 2026-05-20 expiration
Strike
Call Pain
Put Pain
Total Pain
330
0
208552500
208552500
335
4000
195189500
195193500
340
8000
181833000
181841000
345
25500
168485500
168511000
350
49000
155141000
155190000
355
72500
141808500
141881000
360
96000
128491500
128587500
365
120500
115227500
115348000
367.5
134500
108646250
108780750
370
150000
102076000
102226000
372.5
173500
95612500
95786000
375
199750
89178500
89378250
377.5
226000
82853250
83079250
380
257250
76557750
76815000
382.5
302750
70400000
70702750
385
350000
64341000
64691000
387.5
413750
58465250
58879000
390
482750
52662000
53144750
392.5
563000
47183250
47746250
395
647750
41740250
42388000
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.