This page reflects RR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 19, 2026 close
Max Pain — RR
Data as of market close May 19, 2026
Nearest listed expiration 2026-05-22 shows max pain at $2.50 (0.13 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$2.50
Nearest expiry
Expected Move
±$0.29
±12.2%
Days to Expiry
3
Calendar days
Total Call OI
15,148
Nearest expiry
Total Put OI
4,951
Nearest expiry
P/C OI Ratio
0.33
Put-heavy
Spot Price
$2.38
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$2.50
5/8/2026, 11:30:55 PM
2026-05-15
$2.50
5/15/2026, 11:34:21 PM
2026-05-22NextUpdated
$2.50
5/19/2026, 11:27:47 PM
2026-05-29
$2.50
5/19/2026, 11:27:47 PM
2026-06-05
$2.50
5/19/2026, 11:27:47 PM
2026-06-12
$2.50
5/19/2026, 11:27:47 PM
2026-06-18
$3.00
5/19/2026, 11:27:47 PM
2026-06-26
$2.50
5/19/2026, 11:27:47 PM
2026-07-17
$2.00
5/19/2026, 11:27:47 PM
2026-09-18
$2.00
5/19/2026, 11:27:47 PM
2026-12-18
$3.00
5/19/2026, 11:27:47 PM
2027-01-15
$3.00
5/19/2026, 11:27:47 PM
Selected expiration: 2026-05-22 at max pain $2.50.
RR pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
967800
967800
1
850
720250
721100
1.5
5250
472700
477950
2
11800
227000
238800
2.5
27300
10350
37650
3
147550
1950
149500
3.5
743100
550
743650
4
1467650
150
1467800
4.5
2219550
50
2219600
5
2972500
0
2972500
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.