This page reflects OSCR 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 — OSCR
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $18.00 (5.42 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$1.20
±5.2%
Days to Expiry
2
Calendar days
Total Call OI
15,725
Nearest expiry
Total Put OI
4,812
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$23.42
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
$17.50
5/8/2026, 11:26:38 PM
2026-05-15
$16.50
5/15/2026, 11:29:58 PM
2026-05-22NextUpdated
$18.00
5/20/2026, 11:26:39 PM
2026-05-29
$19.00
5/20/2026, 11:26:39 PM
2026-06-05
$20.00
5/20/2026, 11:26:39 PM
2026-06-12
$21.00
5/20/2026, 11:26:39 PM
2026-06-18
$16.00
5/20/2026, 11:26:39 PM
2026-06-26
$22.50
5/20/2026, 11:26:39 PM
2026-07-17
$18.00
5/20/2026, 11:26:39 PM
2026-08-21
$20.00
5/20/2026, 11:26:39 PM
2026-09-18
$14.00
5/20/2026, 11:26:39 PM
2026-10-16
$19.00
5/20/2026, 11:26:39 PM
2026-11-20
$19.00
5/20/2026, 11:26:39 PM
2027-01-15
$10.00
5/20/2026, 11:26:39 PM
Selected expiration: 2026-05-22 at max pain $18.00.
OSCR pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
6645050
6645050
6
700
6163850
6164550
7
1900
5682650
5684550
7.5
2900
5442050
5444950
8
5650
5201450
5207100
8.5
9500
4960850
4970350
9
13500
4720250
4733750
9.5
17550
4479750
4497300
10
22850
4239550
4262400
10.5
30050
3999600
4029650
11
38600
3759950
3798550
11.5
47600
3521950
3569550
12
59250
3287000
3346250
12.5
71950
3081900
3153850
13
85300
2880500
2965800
13.5
143950
2687050
2831000
14
204500
2497300
2701800
14.5
277700
2312800
2590500
15
352050
2132700
2484750
15.5
454000
1958250
2412250
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.