Nearest listed expiration 2026-05-22 shows max pain at $133.00 (2.26 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$133.00
Nearest expiry
Expected Move
±$5.53
±4.1%
Days to Expiry
3
Calendar days
Total Call OI
201,039
Nearest expiry
Total Put OI
121,993
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$135.26
Published close
Consensus
7.0/10
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
$138.00
5/8/2026, 11:27:34 PM
2026-05-15
$135.00
5/15/2026, 11:31:32 PM
2026-05-22NextUpdated
$133.00
5/19/2026, 11:30:55 PM
2026-05-29
$135.00
5/19/2026, 11:30:55 PM
2026-06-05
$135.00
5/19/2026, 11:30:55 PM
2026-06-12
$137.00
5/19/2026, 11:30:55 PM
2026-06-18
$125.00
5/19/2026, 11:30:55 PM
2026-06-26
$134.00
5/19/2026, 11:30:55 PM
2026-07-17
$140.00
5/19/2026, 11:30:55 PM
2026-08-21
$145.00
5/19/2026, 11:30:55 PM
2026-09-18
$155.00
5/19/2026, 11:30:55 PM
2026-10-16
$140.00
5/19/2026, 11:30:55 PM
2026-11-20
$150.00
5/19/2026, 11:30:55 PM
2026-12-18
$115.00
5/19/2026, 11:30:55 PM
2027-01-15
$115.00
5/19/2026, 11:30:55 PM
2027-03-19
$135.00
5/19/2026, 11:30:55 PM
Selected expiration: 2026-05-22 at max pain $133.00.
PLTR pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
758546400
758546400
55
5000
697726400
697731400
60
15000
637104900
637119900
65
38500
576650900
576689400
70
64000
516413900
516477900
75
90000
458927400
459017400
80
117000
402522400
402639400
85
146000
354772900
354918900
90
175500
307185900
307361400
95
327500
261355400
261682900
100
513500
219222900
219736400
105
773500
177927400
178700900
106
848300
169872500
170720800
107
925200
161821800
162747000
108
1002100
153840000
154842100
109
1079200
145888000
146967200
110
1156500
137941600
139098100
111
1249000
130213700
131462700
112
1341600
122535600
123877200
113
1434400
114909800
116344200
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.