This page reflects SATS 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 — SATS
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $135.00 (6.80 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$135.00
Nearest expiry
Expected Move
±$7.28
±5.1%
Days to Expiry
2
Calendar days
Total Call OI
8,154
Nearest expiry
Total Put OI
13,217
Nearest expiry
P/C OI Ratio
1.62
Put-heavy
Spot Price
$141.80
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
$124.00
5/8/2026, 11:27:16 PM
2026-05-15
$125.00
5/15/2026, 11:32:43 PM
2026-05-22NextUpdated
$135.00
5/20/2026, 11:31:03 PM
2026-05-29
$127.00
5/20/2026, 11:31:03 PM
2026-06-05
$124.00
5/20/2026, 11:31:03 PM
2026-06-12
$130.00
5/20/2026, 11:31:03 PM
2026-06-18
$110.00
5/20/2026, 11:31:03 PM
2026-06-26
$130.00
5/20/2026, 11:31:03 PM
2026-07-17
$120.00
5/20/2026, 11:31:03 PM
2026-08-21
$140.00
5/20/2026, 11:31:03 PM
2026-09-18
$110.00
5/20/2026, 11:31:03 PM
2026-10-16
$130.00
5/20/2026, 11:31:03 PM
2026-12-18
$140.00
5/20/2026, 11:31:03 PM
2027-01-15
$105.00
5/20/2026, 11:31:03 PM
Selected expiration: 2026-05-22 at max pain $135.00.
SATS pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
82694100
82694100
85
6000
56264100
56270100
90
11500
49656600
49668100
95
17000
43049600
43066600
96
18500
41832600
41851100
97
20200
40615600
40635800
99
24200
38181600
38205800
100
26200
36964800
36991000
101
29000
35749400
35778400
102
31900
34534000
34565900
104
37900
32103200
32141100
105
40900
30888800
30929700
106
44400
29678600
29723000
108
52400
27258200
27310600
109
56400
26048100
26104500
110
60400
24838600
24899000
111
64400
23632100
23696500
112
68400
22426300
22494700
113
72400
21222300
21294700
114
76600
20018600
20095200
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.