This page reflects RS 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 — RS
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $340.00 (22.26 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$340.00
Nearest expiry
Expected Move
±$22.95
±6.3%
Days to Expiry
29
Calendar days
Total Call OI
313
Nearest expiry
Total Put OI
160
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$362.26
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
$310.00
4/17/2026, 11:30:34 PM
2026-05-15
$350.00
5/15/2026, 11:32:45 PM
2026-06-18NextUpdated
$340.00
5/20/2026, 11:30:16 PM
2026-09-18
$270.00
5/20/2026, 11:30:16 PM
2026-11-20
$260.00
5/20/2026, 11:30:16 PM
2026-12-18
$260.00
5/20/2026, 11:30:16 PM
2027-03-19
$220.00
5/20/2026, 11:30:16 PM
Selected expiration: 2026-06-18 at max pain $340.00.
RS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
140
0
2887000
2887000
160
0
2569000
2569000
190
6000
2092000
2098000
195
7000
2013000
2020000
200
8000
1935000
1943000
220
14000
1627000
1641000
230
18000
1473000
1491000
240
22000
1326000
1348000
250
26000
1190000
1216000
260
30000
1057000
1087000
270
34000
924000
958000
280
40000
791000
831000
290
47000
658000
705000
300
55000
526000
581000
310
63000
409000
472000
320
76000
300000
376000
330
99000
196000
295000
340
134000
103000
237000
350
201000
40000
241000
360
317000
8000
325000
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.