This page reflects POST 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 — POST
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $105.00 (7.49 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$105.00
Nearest expiry
Expected Move
±$6.02
±6.2%
Days to Expiry
29
Calendar days
Total Call OI
135
Nearest expiry
Total Put OI
313
Nearest expiry
P/C OI Ratio
2.32
Put-heavy
Spot Price
$97.51
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
$100.00
4/17/2026, 11:29:29 PM
2026-05-15
$105.00
5/15/2026, 11:30:03 PM
2026-06-18NextUpdated
$105.00
5/20/2026, 11:28:46 PM
2026-09-18
$100.00
5/20/2026, 11:28:46 PM
2026-12-18
$105.00
5/20/2026, 11:28:46 PM
Selected expiration: 2026-06-18 at max pain $105.00.
POST pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
856000
856000
70
1000
699500
700500
80
3000
392500
395500
85
4000
239500
243500
90
5000
89000
94000
95
6500
57500
64000
100
9000
27000
36000
105
16000
0
16000
110
37500
0
37500
115
72500
0
72500
120
131500
0
131500
125
194500
0
194500
135
321500
0
321500
140
385500
0
385500
145
450500
0
450500
150
516500
0
516500
155
583000
0
583000
160
650000
0
650000
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.