This page reflects ON 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 — ON
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $107.00 (3.21 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$107.00
Nearest expiry
Expected Move
±$5.45
±4.9%
Days to Expiry
2
Calendar days
Total Call OI
11,091
Nearest expiry
Total Put OI
6,835
Nearest expiry
P/C OI Ratio
0.62
Put-heavy
Spot Price
$110.21
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
$100.00
5/8/2026, 11:25:12 PM
2026-05-15
$92.00
5/15/2026, 11:32:14 PM
2026-05-22NextUpdated
$107.00
5/20/2026, 11:27:16 PM
2026-05-29
$105.00
5/20/2026, 11:27:16 PM
2026-06-05
$101.00
5/20/2026, 11:27:16 PM
2026-06-12
$103.00
5/20/2026, 11:27:16 PM
2026-06-18
$70.00
5/20/2026, 11:27:16 PM
2026-06-26
$110.00
5/20/2026, 11:27:16 PM
2026-07-17
$105.00
5/20/2026, 11:27:16 PM
2026-09-18
$80.00
5/20/2026, 11:27:16 PM
2026-10-16
$95.00
5/20/2026, 11:27:16 PM
2026-12-18
$65.00
5/20/2026, 11:27:16 PM
2027-01-15
$55.00
5/20/2026, 11:27:16 PM
2027-02-19
$65.00
5/20/2026, 11:27:16 PM
2027-03-19
$100.00
5/20/2026, 11:27:16 PM
Selected expiration: 2026-05-22 at max pain $107.00.
ON pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
52
0
25355100
25355100
53
0
24671900
24671900
54
0
23991200
23991200
55
100
23310500
23310600
56
200
22635400
22635600
57
300
21983000
21983300
58
800
21330600
21331400
59
1400
20695900
20697300
60
2000
20072000
20074000
61
4000
19482700
19486700
62
6000
18905700
18911700
63
8600
18334300
18342900
64
11400
17793300
17804700
65
14200
17252700
17266900
66
17000
16717700
16734700
67
20500
16186300
16206800
68
24600
15685000
15709600
69
29600
15184900
15214500
70
34700
14693400
14728100
71
41200
14228300
14269500
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.