What is SNAP max pain this week?

SNAP max pain for the nearest expiration (2026-05-22) is $5.50. Total call open interest: 51,479. Total put open interest: 23,874.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options SNAPMax Pain

SNAP

Snap Inc.Close $5.62EOD only

Max Pain

$5.50

Next expiry May 22, 2026

Expected Move

±$0.26

4.6% from close

Price Gap

-0.12

Distance to max pain

IV Rank

Low premium

P/C OI

0.34

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: May 20, 2026 close

End-of-day snapshot

This page reflects SNAP 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 — SNAP

Data as of market close May 20, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-05-22 shows max pain at $5.50 (0.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$5.50

Nearest expiry

Expected Move

±$0.26

±4.6%

Days to Expiry

Calendar days

Total Call OI

51,479

Nearest expiry

Total Put OI

23,874

Nearest expiry

P/C OI Ratio

0.46

Put-heavy

Spot Price

$5.62

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	$6.00	5/8/2026, 11:31:30 PM
2026-05-15	$5.00	5/15/2026, 11:36:10 PM
2026-05-22NextUpdated	$5.50	5/20/2026, 11:32:41 PM
2026-05-29	$5.50	5/20/2026, 11:32:41 PM
2026-06-05	$5.50	5/20/2026, 11:32:41 PM
2026-06-12	$6.00	5/20/2026, 11:32:41 PM
2026-06-18	$7.00	5/20/2026, 11:32:41 PM
2026-06-26	$5.50	5/20/2026, 11:32:41 PM
2026-07-17	$6.00	5/20/2026, 11:32:41 PM
2026-09-18	$7.00	5/20/2026, 11:32:41 PM
2026-10-16	$5.00	5/20/2026, 11:32:41 PM
2027-01-15	$7.00	5/20/2026, 11:32:41 PM

Selected expiration: 2026-05-22 at max pain $5.50.

SNAP pain by strike for 2026-05-22 expiration
Strike	Call Pain	Put Pain	Total Pain
0.5	0	11453600	11453600
1	298000	10259900	10557900
1.5	614350	9066450	9680800
2	949800	7873000	8822800
2.5	1300200	6679550	7979750
3	1656000	5486100	7142100
3.5	2016750	4301150	6317900
4	2381850	3121650	5503500
4.5	2748100	1949250	4697350
5	3193900	797850	3991750
5.5	3730450	157150	3887600
6	4516650	46650	4563300
6.5	6182150	5850	6188000
7	8195500	4550	8200050
7.5	10485800	3350	10489150
8	12850400	2450	12852850
8.5	15358050	1650	15359700
9	17885900	950	17886850
9.5	20448050	400	20448450
10	23011800	0	23011800

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.