This page reflects Q 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 — Q
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $125.00 (28.04 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$125.00
Nearest expiry
Expected Move
±$20.95
±13.7%
Days to Expiry
29
Calendar days
Total Call OI
8,512
Nearest expiry
Total Put OI
2,561
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$153.04
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
$105.00
4/17/2026, 11:23:03 PM
2026-05-15
$110.00
5/15/2026, 11:32:53 PM
2026-06-18NextUpdated
$125.00
5/20/2026, 11:31:35 PM
2026-07-17
$140.00
5/20/2026, 11:31:35 PM
2026-08-21
$110.00
5/20/2026, 11:31:35 PM
2026-09-18
$160.00
5/20/2026, 11:31:35 PM
2026-10-16
$145.00
5/20/2026, 11:31:35 PM
2026-11-20
$125.00
5/20/2026, 11:31:35 PM
2026-12-18
$135.00
5/20/2026, 11:31:35 PM
2027-02-19
$155.00
5/20/2026, 11:31:35 PM
Selected expiration: 2026-06-18 at max pain $125.00.
Q pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
20015000
20015000
55
0
18734500
18734500
60
0
17456500
17456500
65
0
16193000
16193000
70
0
14929500
14929500
75
500
13670000
13670500
80
1500
12413000
12414500
85
8000
11165500
11173500
90
17000
9944000
9961000
95
39500
8829500
8869000
100
77000
7720000
7797000
105
121000
6633000
6754000
110
174000
5562000
5736000
115
263500
4522000
4785500
120
389500
3493000
3882500
125
930500
2508500
3439000
130
1838500
1601500
3440000
135
2805500
736000
3541500
140
3787000
417000
4204000
145
4811000
245000
5056000
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.