Charles Schwab Corporation (TheClose $90.11EOD only
Max Pain
$91.00
Next expiry May 22, 2026
Expected Move
±$1.66
1.8% from close
Price Gap
+0.89
Distance to max pain
IV Rank
6
Low premium
P/C OI
1.11
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects SCHW 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 — SCHW
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $91.00 (0.89 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$91.00
Nearest expiry
Expected Move
±$1.66
±1.8%
Days to Expiry
2
Calendar days
Total Call OI
10,118
Nearest expiry
Total Put OI
9,736
Nearest expiry
P/C OI Ratio
0.96
Put-heavy
Spot Price
$90.11
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
$94.00
5/8/2026, 11:28:48 PM
2026-05-15
$91.00
5/15/2026, 11:29:25 PM
2026-05-22NextUpdated
$91.00
5/20/2026, 11:31:12 PM
2026-05-29
$92.00
5/20/2026, 11:31:12 PM
2026-06-05
$91.00
5/20/2026, 11:31:12 PM
2026-06-12
$90.00
5/20/2026, 11:31:12 PM
2026-06-18
$92.50
5/20/2026, 11:31:12 PM
2026-06-26
$92.00
5/20/2026, 11:31:12 PM
2026-07-17
$95.00
5/20/2026, 11:31:12 PM
2026-08-21
$95.00
5/20/2026, 11:31:12 PM
2026-09-18
$95.00
5/20/2026, 11:31:12 PM
2026-10-16
$97.50
5/20/2026, 11:31:12 PM
2026-12-18
$95.00
5/20/2026, 11:31:12 PM
2027-01-15
$85.00
5/20/2026, 11:31:12 PM
2027-03-19
$92.50
5/20/2026, 11:31:12 PM
Selected expiration: 2026-05-22 at max pain $91.00.
SCHW pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
29145900
29145900
60
500
24282900
24283400
65
1500
19421400
19422900
70
2500
14832900
14835400
75
3500
10698900
10702400
79
5100
7575300
7580400
80
6700
6815400
6822100
81
8700
6069500
6078200
82
10800
5327000
5337800
83
26600
4592700
4619300
84
55100
3873300
3928400
85
83700
3190100
3273800
86
112400
2550600
2663000
87
143200
1952000
2095200
88
184900
1436900
1621800
89
253400
984300
1237700
90
337400
620600
958000
91
510800
354100
864900
92
761700
201100
962800
93
1142600
78300
1220900
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.