This page reflects POOL 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 — POOL
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $190.00 (8.17 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$190.00
Nearest expiry
Expected Move
±$15.85
±8.7%
Days to Expiry
29
Calendar days
Total Call OI
762
Nearest expiry
Total Put OI
1,227
Nearest expiry
P/C OI Ratio
1.61
Put-heavy
Spot Price
$181.83
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
$220.00
4/17/2026, 11:26:50 PM
2026-05-15
$190.00
5/15/2026, 11:31:51 PM
2026-06-18NextUpdated
$190.00
5/20/2026, 11:25:37 PM
2026-07-17
$210.00
5/20/2026, 11:25:37 PM
2026-10-16
$190.00
5/20/2026, 11:25:37 PM
2026-12-18
$200.00
5/20/2026, 11:25:37 PM
2027-01-15
$270.00
5/20/2026, 11:25:37 PM
Selected expiration: 2026-06-18 at max pain $190.00.
POOL pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
140
0
4429500
4429500
145
0
3819000
3819000
150
0
3211000
3211000
155
1000
2623500
2624500
160
2000
2062000
2064000
165
3000
1529500
1532500
170
4000
1044500
1048500
175
6000
781000
787000
180
9000
609000
618000
185
32000
472000
504000
190
75500
365500
441000
195
254500
295500
550000
200
460500
238000
698500
210
1002500
161000
1163500
220
1611500
92000
1703500
230
2242500
30000
2272500
240
2902500
0
2902500
250
3572500
0
3572500
260
4300500
0
4300500
270
5034500
0
5034500
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.