This page reflects PTC 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 — PTC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $145.00 (2.96 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$145.00
Nearest expiry
Expected Move
±$5.40
±3.6%
Days to Expiry
29
Calendar days
Total Call OI
1,903
Nearest expiry
Total Put OI
1,843
Nearest expiry
P/C OI Ratio
0.97
Put-heavy
Spot Price
$147.96
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
$140.00
4/17/2026, 11:25:11 PM
2026-05-15
$145.00
5/15/2026, 11:32:33 PM
2026-06-18NextUpdated
$145.00
5/20/2026, 11:29:47 PM
2026-07-17
$150.00
5/20/2026, 11:29:47 PM
2026-08-21
$140.00
5/20/2026, 11:29:47 PM
2026-10-16
$175.00
5/20/2026, 11:29:47 PM
2026-11-20
$140.00
5/20/2026, 11:29:47 PM
2027-01-15
$135.00
5/20/2026, 11:29:47 PM
Selected expiration: 2026-06-18 at max pain $145.00.
PTC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
9165500
9165500
100
0
8245000
8245000
105
0
7325000
7325000
110
0
6405500
6405500
115
0
5486500
5486500
120
0
4568500
4568500
125
0
3651500
3651500
130
0
2735000
2735000
135
0
1821500
1821500
140
1000
910500
911500
145
3500
1500
5000
150
21500
1000
22500
155
815000
500
815500
160
1628000
0
1628000
165
2452000
0
2452000
170
3277000
0
3277000
175
4222000
0
4222000
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.