Nearest listed expiration 2026-05-22 shows max pain at $4.50 (0.20 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$4.50
Nearest expiry
Expected Move
±$0.34
±7.9%
Days to Expiry
3
Calendar days
Total Call OI
63,060
Nearest expiry
Total Put OI
18,303
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$4.30
Published close
Consensus
6.0/10
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
$5.00
5/8/2026, 11:24:21 PM
2026-05-15
$5.00
5/15/2026, 11:29:30 PM
2026-05-22NextUpdated
$4.50
5/19/2026, 11:23:52 PM
2026-05-29
$5.00
5/19/2026, 11:23:52 PM
2026-06-05
$4.50
5/19/2026, 11:23:52 PM
2026-06-12
$4.50
5/19/2026, 11:23:52 PM
2026-06-18
$5.00
5/19/2026, 11:23:52 PM
2026-06-26
$5.00
5/19/2026, 11:23:52 PM
2026-07-17
$4.00
5/19/2026, 11:23:52 PM
2026-08-21
$5.00
5/19/2026, 11:23:52 PM
2026-09-18
$5.00
5/19/2026, 11:23:52 PM
2026-10-16
$4.00
5/19/2026, 11:23:52 PM
2026-11-20
$4.00
5/19/2026, 11:23:52 PM
2026-12-18
$3.00
5/19/2026, 11:23:52 PM
2027-01-15
$1.50
5/19/2026, 11:23:52 PM
Selected expiration: 2026-05-22 at max pain $4.50.
OPEN pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
7379450
7379450
1
2550
6464450
6467000
1.5
7550
5549550
5557100
2
14500
4634650
4649150
2.5
22750
3719750
3742500
3
32050
2804850
2836900
3.5
43600
1890450
1934050
4
63450
990850
1054300
4.5
179900
317000
496900
5
1150400
104950
1255350
5.5
2945000
61300
3006300
6
5312050
39000
5351050
6.5
7896550
25950
7922500
7
10626050
15150
10641200
7.5
13557200
6150
13563350
8
16592350
150
16592500
8.5
19705750
100
19705850
9
22823300
50
22823350
9.5
25966600
0
25966600
10
29110300
0
29110300
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.