thetaOwl

PNC

PNC Financial Services Group, IClose $216.83EOD only
Max Pain
$215.00
Next expiry May 22, 2026
Expected Move
±$3.60
1.7% from close
Price Gap
-1.83
Distance to max pain
IV Rank
8
Low premium
P/C OI
1.03
Balanced positioning
Consensus
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot

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

Published Snapshot
May 20, 2026 close
Max Pain — PNC
Data as of market close May 20, 2026

Nearest listed expiration 2026-05-22 shows max pain at $215.00 (1.83 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$215.00
Nearest expiry
Expected Move
±$3.60
±1.7%
Days to Expiry
2
Calendar days
Total Call OI
1,194
Nearest expiry
Total Put OI
551
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$216.83
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$220.005/8/2026, 11:27:57 PM
2026-05-15$215.005/15/2026, 11:29:11 PM
2026-05-22NextUpdated$215.005/20/2026, 11:26:08 PM
2026-05-29$215.005/20/2026, 11:26:08 PM
2026-06-05$220.005/20/2026, 11:26:08 PM
2026-06-12$215.005/20/2026, 11:26:08 PM
2026-06-18$220.005/20/2026, 11:26:08 PM
2026-06-26$210.005/20/2026, 11:26:08 PM
2026-07-17$220.005/20/2026, 11:26:08 PM
2026-08-21$210.005/20/2026, 11:26:08 PM
2026-09-18$200.005/20/2026, 11:26:08 PM
2026-11-20$210.005/20/2026, 11:26:08 PM
2026-12-18$220.005/20/2026, 11:26:08 PM
2027-01-15$175.005/20/2026, 11:26:08 PM
2027-03-19$185.005/20/2026, 11:26:08 PM
Selected expiration: 2026-05-22 at max pain $215.00.
PNC pain by strike for 2026-05-22 expiration
StrikeCall PainPut PainTotal Pain
120039020003902000
125036295003629500
130033645003364500
135031055003105500
140028535002853500
145026020002602000
170013595001359500
175011110001111000
180500864000864500
1851000619000620000
1952000380000382000
2003000263000266000
2059000151000160000
207.512000101000113000
210150005750072500
212.5222501850040750
21531250525036500
217.548000325051250
22069500200071500
222.52340001000235000
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.