This page reflects SN 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 — SN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $115.00 (7.85 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$11.40
±10.6%
Days to Expiry
29
Calendar days
Total Call OI
2,588
Nearest expiry
Total Put OI
1,223
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$107.15
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
$105.00
4/17/2026, 11:26:28 PM
2026-05-15
$110.00
5/15/2026, 11:34:34 PM
2026-06-18NextUpdated
$115.00
5/20/2026, 11:31:48 PM
2026-07-17
$95.00
5/20/2026, 11:31:48 PM
2026-09-18
$110.00
5/20/2026, 11:31:48 PM
2026-12-18
$120.00
5/20/2026, 11:31:48 PM
2027-01-15
$115.00
5/20/2026, 11:31:48 PM
Selected expiration: 2026-06-18 at max pain $115.00.
SN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
42.5
0
7458500
7458500
45
0
7152750
7152750
50
0
6541250
6541250
55
0
5930250
5930250
65
0
4708250
4708250
70
1000
4098750
4099750
75
2500
3489250
3491750
77.5
5250
3186250
3191500
80
8000
2884250
2892250
82.5
14000
2602000
2616000
85
20000
2322500
2342500
87.5
28000
2051750
2079750
90
40500
1781500
1822000
92.5
53000
1525250
1578250
95
65500
1303250
1368750
97.5
81750
1092000
1173750
100
98250
884500
982750
105
150250
545500
695750
110
247250
299000
546250
115
396750
123000
519750
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.