Nearest listed expiration 2026-05-22 shows max pain at $170.00 (5.37 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$170.00
Nearest expiry
Expected Move
±$9.28
±5.6%
Days to Expiry
3
Calendar days
Total Call OI
251,181
Nearest expiry
Total Put OI
129,223
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$164.63
Published close
Consensus
4.0/10
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
$167.50
5/8/2026, 11:24:35 PM
2026-05-15
$170.00
5/15/2026, 11:27:15 PM
2026-05-22NextUpdated
$170.00
5/19/2026, 11:26:08 PM
2026-05-29
$175.00
5/19/2026, 11:26:08 PM
2026-06-05
$180.00
5/19/2026, 11:26:08 PM
2026-06-12
$185.00
5/19/2026, 11:26:08 PM
2026-06-18
$150.00
5/19/2026, 11:26:08 PM
2026-06-26
$170.00
5/19/2026, 11:26:08 PM
2026-07-17
$165.00
5/19/2026, 11:26:08 PM
2026-08-21
$170.00
5/19/2026, 11:26:08 PM
2026-09-18
$185.00
5/19/2026, 11:26:08 PM
2026-10-16
$155.00
5/19/2026, 11:26:08 PM
2026-11-20
$170.00
5/19/2026, 11:26:08 PM
2026-12-18
$180.00
5/19/2026, 11:26:08 PM
2027-01-15
$170.00
5/19/2026, 11:26:08 PM
2027-03-19
$130.00
5/19/2026, 11:26:08 PM
Selected expiration: 2026-05-22 at max pain $170.00.
MSTR pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
1403251850
1403251850
35
500
1338640350
1338640850
40
1000
1274105350
1274106350
45
2000
1209583350
1209585350
50
3500
1145092850
1145096350
55
2439000
1080712850
1083151850
60
4874500
1016373350
1021247850
65
7310500
952131850
959442350
70
9746500
888678350
898424850
75
12182500
825458350
837640850
80
14622500
762389850
777012350
85
17062500
699527850
716590350
90
19505000
637050850
656555850
95
21947500
575072850
597020350
100
24390000
517623350
542013350
105
26926000
465409350
492335350
110
29476000
414775850
444251850
111
29989300
405011550
435000850
112
30507000
395280450
425787450
113
31024700
385550650
416575350
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.