Madison Square Garden Sports CoClose $353.15EOD only
Max Pain
$340.00
Next expiry Jun 18, 2026
Expected Move
±$14.25
4.0% from close
Price Gap
-13.15
Distance to max pain
IV Rank
0
Low premium
P/C OI
0.69
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects MSGS 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 — MSGS
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $340.00 (13.15 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$340.00
Nearest expiry
Expected Move
±$14.25
±4.0%
Days to Expiry
29
Calendar days
Total Call OI
1,141
Nearest expiry
Total Put OI
508
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$353.15
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
$310.00
4/17/2026, 11:18:08 PM
2026-05-15
$290.00
5/15/2026, 11:26:35 PM
2026-06-18NextUpdated
$340.00
5/20/2026, 11:21:58 PM
2026-07-17
$330.00
5/20/2026, 11:21:58 PM
2026-08-21
$320.00
5/20/2026, 11:21:58 PM
2026-11-20
$320.00
5/20/2026, 11:21:58 PM
Selected expiration: 2026-06-18 at max pain $340.00.
MSGS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
260
0
1825000
1825000
270
0
1318000
1318000
280
0
812000
812000
290
0
309000
309000
300
0
172000
172000
310
0
99000
99000
320
0
54000
54000
330
0
14000
14000
340
3000
7000
10000
350
11000
5000
16000
360
27000
3000
30000
370
53000
2000
55000
380
1186000
1000
1187000
390
2326000
0
2326000
440
8026000
0
8026000
480
12586000
0
12586000
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.