This page reflects SNPS 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 — SNPS
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $495.00 (3.93 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$495.00
Nearest expiry
Expected Move
±$18.30
±3.7%
Days to Expiry
2
Calendar days
Total Call OI
4,866
Nearest expiry
Total Put OI
1,573
Nearest expiry
P/C OI Ratio
0.32
Put-heavy
Spot Price
$498.93
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
$480.00
5/8/2026, 11:28:46 PM
2026-05-15
$460.00
5/15/2026, 11:37:09 PM
2026-05-22NextUpdated
$495.00
5/20/2026, 11:32:47 PM
2026-05-29
$500.00
5/20/2026, 11:32:47 PM
2026-06-05
$500.00
5/20/2026, 11:32:47 PM
2026-06-12
$505.00
5/20/2026, 11:32:47 PM
2026-06-18
$450.00
5/20/2026, 11:32:47 PM
2026-06-26
$490.00
5/20/2026, 11:32:47 PM
2026-07-17
$450.00
5/20/2026, 11:32:47 PM
2026-09-18
$420.00
5/20/2026, 11:32:47 PM
2026-10-16
$450.00
5/20/2026, 11:32:47 PM
2026-12-18
$410.00
5/20/2026, 11:32:47 PM
2027-01-15
$470.00
5/20/2026, 11:32:47 PM
2027-03-19
$420.00
5/20/2026, 11:32:47 PM
Selected expiration: 2026-05-22 at max pain $495.00.
SNPS pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
260
0
31375750
31375750
270
0
29802750
29802750
280
0
28229750
28229750
290
0
26658750
26658750
295
0
25876750
25876750
300
0
25095750
25095750
325
2500
21190750
21193250
330
3000
20409750
20412750
335
3500
19629250
19632750
340
5000
18849750
18854750
345
6500
18070750
18077250
350
8000
17294250
17302250
355
9500
16519750
16529250
360
11000
15745750
15756750
365
12500
14974750
14987250
370
14000
14206750
14220750
375
15500
13439750
13455250
380
17000
12684750
12701750
385
18500
11930250
11948750
390
20000
11177250
11197250
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.