This page reflects RMD 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 — RMD
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $210.00 (0.14 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$210.00
Nearest expiry
Expected Move
±$13.80
±6.6%
Days to Expiry
29
Calendar days
Total Call OI
882
Nearest expiry
Total Put OI
845
Nearest expiry
P/C OI Ratio
0.96
Put-heavy
Spot Price
$209.86
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, 11:24:50 PM
2026-05-15
$210.00
5/15/2026, 11:34:20 PM
2026-06-18NextUpdated
$210.00
5/20/2026, 11:27:59 PM
2026-07-17
$230.00
5/20/2026, 11:27:59 PM
2026-08-21
$220.00
5/20/2026, 11:27:59 PM
2026-09-18
$175.00
5/20/2026, 11:27:59 PM
2026-10-16
$210.00
5/20/2026, 11:27:59 PM
2027-01-15
$240.00
5/20/2026, 11:27:59 PM
Selected expiration: 2026-06-18 at max pain $210.00.
RMD pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
145
0
3715000
3715000
165
0
2055000
2055000
175
0
1256000
1256000
180
0
857500
857500
185
3500
538500
542000
190
8000
348500
356500
195
14000
182500
196500
200
22000
49000
71000
210
47000
15000
62000
220
120000
4000
124000
230
712000
0
712000
240
1372000
0
1372000
250
2168000
0
2168000
260
3015000
0
3015000
270
3864000
0
3864000
280
4728000
0
4728000
290
5594000
0
5594000
300
6462000
0
6462000
340
9990000
0
9990000
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.