This page reflects POWL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — POWL
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $280.00 (9.25 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
±$46.20
±17.1%
Days to Expiry
28
Calendar days
Total Call OI
1,517
Nearest expiry
Total Put OI
2,003
Nearest expiry
P/C OI Ratio
1.32
Put-heavy
Spot Price
$270.75
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
$193.33
4/17/2026, 11:23:54 PM
2026-05-15
$146.67
5/15/2026, 11:33:34 PM
2026-06-18NextUpdated
$280.00
5/21/2026, 11:31:19 PM
2026-07-17
$260.00
5/21/2026, 11:31:19 PM
2026-08-21
$250.00
5/21/2026, 11:31:19 PM
2026-11-20
$300.00
5/21/2026, 11:31:19 PM
2026-12-18
$130.00
5/21/2026, 11:31:19 PM
Selected expiration: 2026-06-18 at max pain $280.00.
POWL pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
26956500
26956500
100
0
25956500
25956500
110
1000
23984500
23985500
120
3000
22032500
22035500
125
4500
21081500
21086000
130
7500
20130500
20138000
140
13500
18248500
18262000
145
16500
17313000
17329500
150
19500
16379000
16398500
155
22500
15452500
15475000
160
25500
14539500
14565000
165
28500
13631500
13660000
170
31500
12729000
12760500
175
34500
11829500
11864000
180
37500
10947000
10984500
185
61500
10113500
10175000
190
91500
9284500
9376000
195
121500
8473500
8595000
200
151500
7693000
7844500
210
215500
6255000
6470500
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.