This page reflects PODD 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 — PODD
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $280.00 (123.41 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$280.00
Nearest expiry
Expected Move
±$16.65
±10.6%
Days to Expiry
29
Calendar days
Total Call OI
2,999
Nearest expiry
Total Put OI
3,181
Nearest expiry
P/C OI Ratio
1.06
Put-heavy
Spot Price
$156.59
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$240.00
4/17/2026, 11:27:58 PM
2026-05-15
$155.00
5/15/2026, 11:32:06 PM
2026-06-18NextUpdated
$280.00
5/20/2026, 11:26:29 PM
2026-07-17
$150.00
5/20/2026, 11:26:29 PM
2026-09-18
$170.00
5/20/2026, 11:26:29 PM
2026-12-18
$185.00
5/20/2026, 11:26:29 PM
Selected expiration: 2026-06-18 at max pain $280.00.
PODD pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
115
0
37017500
37017500
120
0
35427500
35427500
125
500
33839500
33840000
130
1000
32276500
32277500
135
1500
30734000
30735500
140
2000
29234000
29236000
145
3500
27752000
27755500
150
8500
26285000
26293500
155
23000
24847000
24870000
160
49500
23429500
23479000
165
120000
22021000
22141000
170
216500
20616000
20832500
175
464500
19240000
19704500
180
781500
17871000
18652500
185
1107000
16521000
17628000
190
1438000
15173500
16611500
195
1777000
13830500
15607500
200
2119500
12488000
14607500
210
2830500
10604000
13434500
220
3548500
9720000
13268500
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.