This page reflects ODD 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 — ODD
Data as of market close May 19, 2026
Nearest listed expiration 2026-05-22 shows max pain at $13.00 (0.85 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$13.00
Nearest expiry
Expected Move
±$1.02
±8.4%
Days to Expiry
3
Calendar days
Total Call OI
1,641
Nearest expiry
Total Put OI
490
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$12.15
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
$15.00
5/8/2026, 11:25:25 PM
2026-05-15
$14.50
5/15/2026, 11:28:54 PM
2026-05-22NextUpdated
$13.00
5/19/2026, 11:22:21 PM
2026-05-29
$14.00
5/19/2026, 11:22:21 PM
2026-06-05
$12.00
5/19/2026, 11:22:21 PM
2026-06-12
$12.00
5/19/2026, 11:22:21 PM
2026-06-18
$15.00
5/19/2026, 11:22:21 PM
2026-06-26
$11.00
5/19/2026, 11:22:21 PM
2026-07-17
$15.00
5/19/2026, 11:22:21 PM
2026-10-16
$15.00
5/19/2026, 11:22:21 PM
2027-01-15
$15.00
5/19/2026, 11:22:21 PM
Selected expiration: 2026-05-22 at max pain $13.00.
ODD pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
4
0
413550
413550
5
100
364550
364650
6
300
315550
315850
7
600
266550
267150
8
1100
218050
219150
9
1900
169950
171850
10
2700
121950
124650
10.5
3200
98550
101750
11
3700
76050
79750
11.5
4200
55800
60000
12
4750
40500
45250
12.5
5350
28150
33500
13
7700
17200
24900
13.5
68950
9100
78050
14
133700
3700
137400
14.5
199000
3100
202100
15
265500
2500
268000
15.5
336650
2000
338650
16
413700
1650
415350
16.5
492200
1350
493550
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.