This page reflects PCG 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 — PCG
Data as of market close May 19, 2026
Nearest listed expiration 2026-05-22 shows max pain at $16.50 (0.09 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.50
Nearest expiry
Expected Move
±$0.50
±3.0%
Days to Expiry
3
Calendar days
Total Call OI
10,090
Nearest expiry
Total Put OI
9,793
Nearest expiry
P/C OI Ratio
0.97
Put-heavy
Spot Price
$16.41
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
$16.50
5/8/2026, 11:25:21 PM
2026-05-15
$17.00
5/15/2026, 11:31:09 PM
2026-05-22NextUpdated
$16.50
5/19/2026, 11:29:26 PM
2026-05-29
$16.50
5/19/2026, 11:29:26 PM
2026-06-05
$16.50
5/19/2026, 11:29:26 PM
2026-06-12
$17.00
5/19/2026, 11:29:26 PM
2026-06-18
$17.00
5/19/2026, 11:29:26 PM
2026-06-26
$16.50
5/19/2026, 11:29:26 PM
2026-07-17
$17.00
5/19/2026, 11:29:26 PM
2026-08-21
$16.00
5/19/2026, 11:29:26 PM
2026-09-18
$17.00
5/19/2026, 11:29:26 PM
2026-12-18
$17.00
5/19/2026, 11:29:26 PM
2027-01-15
$15.00
5/19/2026, 11:29:26 PM
2027-03-19
$17.00
5/19/2026, 11:29:26 PM
Selected expiration: 2026-05-22 at max pain $16.50.
PCG pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
9
0
8730050
8730050
10
8000
7397650
7405650
12
43400
4732850
4776250
13
61100
3402550
3463650
13.5
70000
2737400
2807400
14
79400
2072250
2151650
14.5
88800
1411550
1500350
15
100050
764150
864200
15.5
111550
474950
586500
16
124200
226750
350950
16.5
145400
52050
197450
17
460700
31700
492400
17.5
843150
15200
858350
18
1291700
14400
1306100
18.5
1749600
13650
1763250
19
2226050
12950
2239000
19.5
2727150
12250
2739400
20
3228250
11600
3239850
20.5
3730050
10950
3741000
21.5
4733650
9650
4743300
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.