What is NKE max pain this week?

NKE max pain for the nearest expiration (2026-05-22) is $44.00. Total call open interest: 43,872. Total put open interest: 41,704.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options NKEMax Pain

NKE

Nike, Inc.Close $44.19EOD only

Max Pain

$44.00

Next expiry May 22, 2026

Expected Move

±$1.28

2.9% from close

Price Gap

-0.19

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.70

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: May 20, 2026 close

End-of-day snapshot

This page reflects NKE 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 — NKE

Data as of market close May 20, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-05-22 shows max pain at $44.00 (0.19 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$44.00

Nearest expiry

Expected Move

±$1.28

±2.9%

Days to Expiry

Calendar days

Total Call OI

43,872

Nearest expiry

Total Put OI

41,704

Nearest expiry

P/C OI Ratio

0.95

Put-heavy

Spot Price

$44.19

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	$44.00	5/8/2026, 11:24:27 PM
2026-05-15	$42.50	5/15/2026, 11:26:15 PM
2026-05-22NextUpdated	$44.00	5/20/2026, 11:23:27 PM
2026-05-29	$43.50	5/20/2026, 11:23:27 PM
2026-06-05	$43.00	5/20/2026, 11:23:27 PM
2026-06-12	$43.00	5/20/2026, 11:23:27 PM
2026-06-18	$47.50	5/20/2026, 11:23:27 PM
2026-06-26	$42.00	5/20/2026, 11:23:27 PM
2026-07-17	$47.50	5/20/2026, 11:23:27 PM
2026-08-21	$45.00	5/20/2026, 11:23:27 PM
2026-09-18	$57.50	5/20/2026, 11:23:27 PM
2026-10-16	$47.50	5/20/2026, 11:23:27 PM
2026-11-20	$47.50	5/20/2026, 11:23:27 PM
2026-12-18	$60.00	5/20/2026, 11:23:27 PM
2027-01-15	$62.50	5/20/2026, 11:23:27 PM
2027-03-19	$50.00	5/20/2026, 11:23:27 PM

Selected expiration: 2026-05-22 at max pain $44.00.

NKE pain by strike for 2026-05-22 expiration
Strike	Call Pain	Put Pain	Total Pain
24	0	74307150	74307150
25	200	70136750	70136950
26	800	65967550	65968350
28	2600	57629150	57631750
30	4800	49291150	49295950
32	8000	40954150	40962150
33	9800	36786150	36795950
35	13400	28450350	28463750
36	18300	24288550	24306850
37	23500	20135750	20159250
38	29000	16037350	16066350
39	34900	11959350	11994250
39.5	40700	9961700	10002400
40	46500	7971550	8018050
40.5	76250	6645600	6721850
41	108750	5367250	5476000
41.5	145150	4215500	4360650
42	195550	3145200	3340750
42.5	317050	2266750	2583800
43	505300	1510050	2015350

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.