This page reflects PWR 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 — PWR
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $680.00 (29.93 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$680.00
Nearest expiry
Expected Move
±$74.15
±10.4%
Days to Expiry
29
Calendar days
Total Call OI
6,959
Nearest expiry
Total Put OI
7,830
Nearest expiry
P/C OI Ratio
1.13
Put-heavy
Spot Price
$709.93
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
$560.00
4/17/2026, 11:29:26 PM
2026-05-15
$660.00
5/15/2026, 11:32:58 PM
2026-06-18NextUpdated
$680.00
5/20/2026, 11:27:42 PM
2026-07-17
$740.00
5/20/2026, 11:27:42 PM
2026-08-21
$600.00
5/20/2026, 11:27:42 PM
2026-09-18
$600.00
5/20/2026, 11:27:42 PM
2026-11-20
$630.00
5/20/2026, 11:27:42 PM
2026-12-18
$400.00
5/20/2026, 11:27:42 PM
2027-01-15
$580.00
5/20/2026, 11:27:42 PM
2027-03-19
$600.00
5/20/2026, 11:27:42 PM
Selected expiration: 2026-06-18 at max pain $680.00.
PWR pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
175
0
344052000
344052000
200
0
324477000
324477000
210
1000
316647000
316648000
220
2000
308817000
308819000
230
3000
300988000
300991000
240
7000
293168000
293175000
250
11000
285350000
285361000
260
15000
277534000
277549000
270
19000
269721000
269740000
280
23000
261908000
261931000
290
27000
254095000
254122000
300
32000
246284000
246316000
310
44000
239229000
239273000
320
61000
232179000
232240000
330
85000
225130000
225215000
340
112000
218084000
218196000
350
141000
211067000
211208000
360
173000
204050000
204223000
370
205000
197035000
197240000
380
271000
190020000
190291000
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.