Nearest listed expiration 2026-05-22 shows max pain at $93.00 (8.83 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$93.00
Nearest expiry
Expected Move
±$6.10
±6.0%
Days to Expiry
3
Calendar days
Total Call OI
91,755
Nearest expiry
Total Put OI
49,014
Nearest expiry
P/C OI Ratio
0.53
Put-heavy
Spot Price
$101.83
Published close
Consensus
6.5/10
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
$90.00
5/8/2026, 11:22:36 PM
2026-05-15
$92.00
5/15/2026, 11:27:19 PM
2026-05-22NextUpdated
$93.00
5/19/2026, 11:29:09 PM
2026-05-29
$92.00
5/19/2026, 11:29:09 PM
2026-06-05
$93.00
5/19/2026, 11:29:09 PM
2026-06-12
$95.00
5/19/2026, 11:29:09 PM
2026-06-18
$105.00
5/19/2026, 11:29:09 PM
2026-06-26
$93.00
5/19/2026, 11:29:09 PM
2026-07-17
$100.00
5/19/2026, 11:29:09 PM
2026-08-21
$100.00
5/19/2026, 11:29:09 PM
2026-09-18
$112.00
5/19/2026, 11:29:09 PM
2026-10-16
$90.00
5/19/2026, 11:29:09 PM
2026-11-20
$100.00
5/19/2026, 11:29:09 PM
2026-12-18
$125.00
5/19/2026, 11:29:09 PM
2027-01-15
$115.00
5/19/2026, 11:29:09 PM
2027-03-19
$100.00
5/19/2026, 11:29:09 PM
Selected expiration: 2026-05-22 at max pain $93.00.
NOW pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
200779100
200779100
50
0
176275600
176275600
55
1500
151772100
151773600
60
22500
127296100
127318600
65
57500
102832600
102890100
67
76900
94559800
94636700
68
86600
90423700
90510300
69
96300
86287700
86384000
70
106000
82152700
82258700
71
130400
78224100
78354500
72
154800
74296000
74450800
73
179200
70368900
70548100
74
204000
66442000
66646000
75
229400
62517700
62747100
76
258500
58667700
58926200
77
288200
54830500
55118700
78
324800
51000800
51325600
79
368300
47200900
47569200
80
414500
43431500
43846000
81
475200
40100100
40575300
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.