This page reflects PRI 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 — PRI
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $270.00 (11.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$270.00
Nearest expiry
Expected Move
±$13.40
±4.8%
Days to Expiry
29
Calendar days
Total Call OI
159
Nearest expiry
Total Put OI
69
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$281.06
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
$250.00
4/17/2026, 11:27:25 PM
2026-05-15
$270.00
5/15/2026, 11:34:25 PM
2026-06-18NextUpdated
$270.00
5/20/2026, 11:27:09 PM
2026-09-18
$250.00
5/20/2026, 11:27:09 PM
2026-12-18
$240.00
5/20/2026, 11:27:09 PM
Selected expiration: 2026-06-18 at max pain $270.00.
PRI pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
180
0
537000
537000
210
0
333000
333000
220
0
268000
268000
230
0
203000
203000
240
1000
138000
139000
250
2000
73000
75000
260
3000
9000
12000
270
6000
4000
10000
280
21000
0
21000
290
71000
0
71000
300
124000
0
124000
310
186000
0
186000
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.