This page reflects ROP 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 — ROP
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $320.00 (3.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$320.00
Nearest expiry
Expected Move
±$24.50
±7.6%
Days to Expiry
29
Calendar days
Total Call OI
750
Nearest expiry
Total Put OI
453
Nearest expiry
P/C OI Ratio
0.60
Put-heavy
Spot Price
$323.12
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
$350.00
4/17/2026, 11:26:05 PM
2026-05-15
$330.00
5/15/2026, 11:33:05 PM
2026-06-18NextUpdated
$320.00
5/20/2026, 11:33:40 PM
2026-08-21
$390.00
5/20/2026, 11:33:40 PM
2026-11-20
$390.00
5/20/2026, 11:33:40 PM
Selected expiration: 2026-06-18 at max pain $320.00.
ROP pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
250
0
2347000
2347000
260
0
1900000
1900000
270
0
1460000
1460000
280
0
1030000
1030000
290
0
832000
832000
300
0
638000
638000
310
6000
462000
468000
320
14000
303000
317000
330
238000
198000
436000
340
472000
102000
574000
350
968000
29000
997000
360
1501000
11000
1512000
370
2082000
0
2082000
380
2685000
0
2685000
390
3369000
0
3369000
400
4074000
0
4074000
410
4794000
0
4794000
420
5529000
0
5529000
430
6277000
0
6277000
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.