This page reflects NEE 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 — NEE
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $90.00 (1.73 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$1.61
±1.8%
Days to Expiry
2
Calendar days
Total Call OI
8,049
Nearest expiry
Total Put OI
4,323
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$88.27
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
$95.00
5/8/2026, 11:18:29 PM
2026-05-15
$92.50
5/15/2026, 11:26:11 PM
2026-05-22NextUpdated
$90.00
5/20/2026, 11:20:17 PM
2026-05-29
$89.00
5/20/2026, 11:20:17 PM
2026-06-05
$94.00
5/20/2026, 11:20:17 PM
2026-06-12
$89.00
5/20/2026, 11:20:17 PM
2026-06-18
$87.50
5/20/2026, 11:20:17 PM
2026-06-26
$90.00
5/20/2026, 11:20:17 PM
2026-07-17
$90.00
5/20/2026, 11:20:17 PM
2026-09-18
$80.00
5/20/2026, 11:20:17 PM
2026-12-18
$90.00
5/20/2026, 11:20:17 PM
2027-01-15
$57.50
5/20/2026, 11:20:17 PM
2027-02-19
$92.50
5/20/2026, 11:20:17 PM
2027-03-19
$95.00
5/20/2026, 11:20:17 PM
Selected expiration: 2026-05-22 at max pain $90.00.
NEE pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
10543400
10543400
70
500
8381900
8382400
75
1000
6225900
6226900
79
2200
4501500
4503700
80
2800
4070400
4073200
81
4100
3639800
3643900
82
6700
3210100
3216800
83
9300
2786500
2795800
84
12200
2368300
2380500
85
15600
1961900
1977500
86
20000
1637400
1657400
87
25000
1338200
1363200
88
45600
1070800
1116400
89
114600
819800
934400
90
235500
591700
827200
91
449000
382900
831900
92
693700
254300
948000
93
951600
157400
1109000
94
1260800
76600
1337400
95
1611300
6500
1617800
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.