This page reflects PATH options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — PATH
Data as of market close May 19, 2026
Nearest listed expiration 2026-05-22 shows max pain at $10.50 (0.05 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.50
Nearest expiry
Expected Move
±$0.66
±6.3%
Days to Expiry
3
Calendar days
Total Call OI
40,238
Nearest expiry
Total Put OI
30,070
Nearest expiry
P/C OI Ratio
0.75
Put-heavy
Spot Price
$10.55
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
$10.50
5/8/2026, 11:25:29 PM
2026-05-15
$10.50
5/15/2026, 11:29:47 PM
2026-05-22NextUpdated
$10.50
5/19/2026, 11:29:57 PM
2026-05-29
$10.00
5/19/2026, 11:29:57 PM
2026-06-05
$10.00
5/19/2026, 11:29:57 PM
2026-06-12
$10.00
5/19/2026, 11:29:57 PM
2026-06-18
$11.00
5/19/2026, 11:29:57 PM
2026-06-26
$9.50
5/19/2026, 11:29:57 PM
2026-07-17
$10.00
5/19/2026, 11:29:57 PM
2026-08-21
$11.00
5/19/2026, 11:29:57 PM
2026-09-18
$11.00
5/19/2026, 11:29:57 PM
2026-11-20
$10.00
5/19/2026, 11:29:57 PM
2026-12-18
$10.00
5/19/2026, 11:29:57 PM
2027-01-15
$12.00
5/19/2026, 11:29:57 PM
2027-03-19
$8.00
5/19/2026, 11:29:57 PM
Selected expiration: 2026-05-22 at max pain $10.50.
PATH pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
12983800
12983800
6
2100
9977000
9979100
6.5
4100
8473750
8477850
7
6300
6970700
6977000
7.5
9100
5467800
5476900
8
12050
3992100
4004150
8.5
15350
2548750
2564100
9
21900
1479200
1501100
9.5
41300
888250
929550
10
89900
431150
521050
10.5
262850
116600
379450
11
551650
32650
584300
11.5
1154450
18800
1173250
12
2168950
12950
2181900
12.5
3678400
8450
3686850
13
5408300
5400
5413700
13.5
7271100
3200
7274300
14
9147100
2500
9149600
14.5
11039000
1850
11040850
15
12941800
1250
12943050
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.