This page reflects OLED 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 — OLED
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $95.00 (4.34 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$9.50
±10.5%
Days to Expiry
29
Calendar days
Total Call OI
1,831
Nearest expiry
Total Put OI
1,733
Nearest expiry
P/C OI Ratio
0.95
Put-heavy
Spot Price
$90.66
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
$100.00
4/17/2026, 11:27:03 PM
2026-05-15
$95.00
5/15/2026, 11:29:00 PM
2026-06-18NextUpdated
$95.00
5/20/2026, 11:27:54 PM
2026-07-17
$95.00
5/20/2026, 11:27:54 PM
2026-09-18
$105.00
5/20/2026, 11:27:54 PM
2026-11-20
$100.00
5/20/2026, 11:27:54 PM
2026-12-18
$120.00
5/20/2026, 11:27:54 PM
Selected expiration: 2026-06-18 at max pain $95.00.
OLED pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
4643000
4643000
60
0
3781000
3781000
65
0
2925000
2925000
70
0
2078000
2078000
75
0
1645500
1645500
80
0
1254500
1254500
85
1500
935500
937000
90
6000
690000
696000
95
26500
497500
524000
100
179500
347000
526500
105
401000
245000
646000
110
662000
177000
839000
115
1043500
136500
1180000
120
1488500
96000
1584500
125
1985500
79000
2064500
130
2511000
62000
2573000
135
3049000
50000
3099000
140
3688000
40000
3728000
145
4355000
30000
4385000
150
5025000
20000
5045000
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.