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PDD

PDD Holdings Inc.Close $97.79EOD only
Max Pain
$98.00
Next expiry May 22, 2026
Expected Move
±$1.69
1.7% from close
Price Gap
+0.21
Distance to max pain
IV Rank
17
Low premium
P/C OI
0.74
Slightly call-heavy
Consensus
4/4
Partial coverage
Published snapshot: May 21, 2026 close
End-of-day snapshot

This page reflects PDD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
May 21, 2026 close
Max Pain — PDD
Data as of market close May 21, 2026
Open Available Reports (4/4)

Nearest listed expiration 2026-05-22 shows max pain at $98.00 (0.21 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$98.00
Nearest expiry
Expected Move
±$1.69
±1.7%
Days to Expiry
1
Calendar days
Total Call OI
22,565
Nearest expiry
Total Put OI
18,618
Nearest expiry
P/C OI Ratio
0.83
Put-heavy
Spot Price
$97.79
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-05-22
ExpirationMax Pain StrikeLast Updated
2026-05-08$100.005/8/2026, 11:26:07 PM
2026-05-15$100.005/15/2026, 11:31:24 PM
2026-05-22NextUpdated$98.005/21/2026, 11:25:53 PM
2026-05-29$98.005/21/2026, 11:25:53 PM
2026-06-05$99.005/21/2026, 11:25:53 PM
2026-06-12$100.005/21/2026, 11:25:53 PM
2026-06-18$110.005/21/2026, 11:25:53 PM
2026-06-26$95.005/21/2026, 11:25:53 PM
2026-07-17$105.005/21/2026, 11:25:53 PM
2026-08-21$105.005/21/2026, 11:25:53 PM
2026-09-18$115.005/21/2026, 11:25:53 PM
2026-10-16$100.005/21/2026, 11:25:53 PM
2026-11-20$100.005/21/2026, 11:25:53 PM
2026-12-18$110.005/21/2026, 11:25:53 PM
2027-01-15$105.005/21/2026, 11:25:53 PM
2027-03-19$100.005/21/2026, 11:25:53 PM
Selected expiration: 2026-05-22 at max pain $98.00.
PDD pain by strike for 2026-05-22 expiration
StrikeCall PainPut PainTotal Pain
7004533690045336900
7565003603040036036900
80130002679090026803900
85205001755940017579900
86264001579190015818300
87370001403190014068900
88537001228180012335500
89705001056870010639200
908740089088008996200
9111200074146007526600
9213910060245006163600
9317780047631004940900
9421950036043003823800
9529190026169002908800
9642570019474002373100
9774840014363002184700
98114340010310002174400
9916502007160002366200
10022433004456002688900
10130960002858003381800
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.