This page reflects NMM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — NMM
Data as of market close May 19, 2026
Nearest listed expiration 2026-06-18 shows max pain at $65.00 (9.85 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$7.20
±9.6%
Days to Expiry
30
Calendar days
Total Call OI
3,308
Nearest expiry
Total Put OI
4,739
Nearest expiry
P/C OI Ratio
1.43
Put-heavy
Spot Price
$74.85
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
$67.50
4/17/2026, 11:19:31 PM
2026-05-15
$70.00
5/15/2026, 11:26:28 PM
2026-06-18NextUpdated
$65.00
5/19/2026, 11:22:03 PM
2026-09-18
$70.00
5/19/2026, 11:22:03 PM
2026-12-18
$65.00
5/19/2026, 11:22:03 PM
2027-01-15
$35.00
5/19/2026, 11:22:03 PM
Selected expiration: 2026-06-18 at max pain $65.00.
NMM pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
32.5
0
11789750
11789750
35
11500
10605000
10616500
37.5
30250
9420250
9450500
40
64750
8235500
8300250
42.5
125750
7050750
7176500
45
186750
5872250
6059000
47.5
247750
4835500
5083250
50
308750
4014000
4322750
52.5
379000
3383250
3762250
55
478500
2766250
3244750
57.5
583000
2169250
2752250
60
687500
1588250
2275750
62.5
870000
1034250
1904250
65
1059500
532000
1591500
67.5
1346500
331500
1678000
70
1643500
165000
1808500
72.5
2125250
68000
2193250
75
2625500
16500
2642000
77.5
3354750
0
3354750
80
4105500
0
4105500
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.