This page reflects PINS 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 — PINS
Data as of market close May 21, 2026
Nearest listed expiration 2026-05-22 shows max pain at $19.50 (0.65 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.50
Nearest expiry
Expected Move
±$0.49
±2.6%
Days to Expiry
1
Calendar days
Total Call OI
18,705
Nearest expiry
Total Put OI
11,998
Nearest expiry
P/C OI Ratio
0.64
Put-heavy
Spot Price
$18.85
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
$20.50
5/8/2026, 11:26:29 PM
2026-05-15
$20.00
5/15/2026, 11:31:24 PM
2026-05-22NextUpdated
$19.50
5/21/2026, 11:25:26 PM
2026-05-29
$19.00
5/21/2026, 11:25:26 PM
2026-06-05
$20.50
5/21/2026, 11:25:26 PM
2026-06-12
$19.00
5/21/2026, 11:25:26 PM
2026-06-18
$21.00
5/21/2026, 11:25:26 PM
2026-06-26
$18.50
5/21/2026, 11:25:26 PM
2026-07-17
$21.00
5/21/2026, 11:25:26 PM
2026-08-21
$21.00
5/21/2026, 11:25:26 PM
2026-09-18
$23.00
5/21/2026, 11:25:26 PM
2026-11-20
$21.00
5/21/2026, 11:25:26 PM
2026-12-18
$20.00
5/21/2026, 11:25:26 PM
2027-01-15
$25.00
5/21/2026, 11:25:26 PM
2027-03-19
$22.00
5/21/2026, 11:25:26 PM
Selected expiration: 2026-05-22 at max pain $19.50.
PINS pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
17000350
17000350
9
127200
12201150
12328350
10
180100
11001350
11181450
11
234200
9801550
10035750
12
289100
8601750
8890850
13
344700
7402250
7746950
13.5
372600
6803800
7176400
14
400650
6217700
6618350
14.5
428950
5632000
6060950
15
457450
5048600
5506050
15.5
486350
4467100
4953450
16
515350
3886000
4401350
16.5
545050
3305750
3850800
17
575350
2729750
3305100
17.5
609650
2179750
2789400
18
644950
1642100
2287050
18.5
683700
1175150
1858850
19
763000
732800
1495800
19.5
858350
328450
1186800
20
1118800
180650
1299450
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.