This page reflects SII 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 — SII
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $150.00 (22.83 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$150.00
Nearest expiry
Expected Move
±$14.30
±11.2%
Days to Expiry
29
Calendar days
Total Call OI
472
Nearest expiry
Total Put OI
624
Nearest expiry
P/C OI Ratio
1.32
Put-heavy
Spot Price
$127.17
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
$145.00
4/17/2026, 11:29:38 PM
2026-05-15
$105.00
5/15/2026, 11:31:20 PM
2026-06-18NextUpdated
$150.00
5/20/2026, 11:31:29 PM
2026-08-21
$110.00
5/20/2026, 11:31:29 PM
2026-11-20
$140.00
5/20/2026, 11:31:29 PM
2027-01-15
$110.00
5/20/2026, 11:31:29 PM
2027-03-19
$160.00
5/20/2026, 11:31:29 PM
Selected expiration: 2026-06-18 at max pain $150.00.
SII pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
2424500
2424500
100
0
2126500
2126500
105
2500
1836000
1838500
110
5000
1551000
1556000
115
7500
1290500
1298000
120
11500
1044000
1055500
125
16500
814500
831000
130
30500
590500
621000
135
50500
373500
424000
140
79500
244000
323500
145
126500
129000
255500
150
194500
18000
212500
155
327500
11500
339000
160
463000
5000
468000
165
608500
2500
611000
170
769500
0
769500
175
948500
0
948500
180
1131000
0
1131000
185
1360000
0
1360000
190
1589000
0
1589000
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.