Nearest listed expiration 2026-05-22 shows max pain at $180.00 (1.46 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$180.00
Nearest expiry
Expected Move
±$9.10
±5.0%
Days to Expiry
3
Calendar days
Total Call OI
72,399
Nearest expiry
Total Put OI
65,469
Nearest expiry
P/C OI Ratio
0.90
Put-heavy
Spot Price
$181.46
Published close
Consensus
8.0/10
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
$180.00
5/8/2026, 11:26:04 PM
2026-05-15
$175.00
5/15/2026, 11:29:24 PM
2026-05-22NextUpdated
$180.00
5/19/2026, 11:23:54 PM
2026-05-29
$175.00
5/19/2026, 11:23:54 PM
2026-06-05
$180.00
5/19/2026, 11:23:54 PM
2026-06-12
$180.00
5/19/2026, 11:23:54 PM
2026-06-18
$175.00
5/19/2026, 11:23:54 PM
2026-06-26
$185.00
5/19/2026, 11:23:54 PM
2026-07-17
$175.00
5/19/2026, 11:23:54 PM
2026-08-21
$185.00
5/19/2026, 11:23:54 PM
2026-09-18
$190.00
5/19/2026, 11:23:54 PM
2026-10-16
$190.00
5/19/2026, 11:23:54 PM
2026-11-20
$170.00
5/19/2026, 11:23:54 PM
2026-12-18
$200.00
5/19/2026, 11:23:54 PM
2027-01-15
$180.00
5/19/2026, 11:23:54 PM
2027-03-19
$175.00
5/19/2026, 11:23:54 PM
Selected expiration: 2026-05-22 at max pain $180.00.
ORCL pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
557818100
557818100
80
9000
525090100
525099100
85
21000
492368100
492389100
90
35000
459711100
459746100
95
50000
427159600
427209600
100
65500
394623600
394689100
105
84000
362330600
362414600
110
103000
330136100
330239100
115
123500
298226100
298349600
120
145000
267372600
267517600
125
168000
236785100
236953100
130
194500
208328100
208522600
131
202300
202668500
202870800
132
210100
197010500
197220600
133
218000
191354900
191572900
134
225900
185724300
185950200
135
233800
180106800
180340600
136
243400
174553300
174796700
137
253700
169006800
169260500
138
267200
163464800
163732000
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.