This page reflects SO 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 — SO
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $93.00 (0.62 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$93.00
Nearest expiry
Expected Move
±$1.30
±1.4%
Days to Expiry
2
Calendar days
Total Call OI
2,628
Nearest expiry
Total Put OI
571
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$93.62
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
$95.00
5/8/2026, 11:29:09 PM
2026-05-15
$92.50
5/15/2026, 11:36:24 PM
2026-05-22NextUpdated
$93.00
5/20/2026, 11:28:08 PM
2026-05-29
$93.00
5/20/2026, 11:28:08 PM
2026-06-05
$94.00
5/20/2026, 11:28:08 PM
2026-06-12
$94.00
5/20/2026, 11:28:08 PM
2026-06-18
$95.00
5/20/2026, 11:28:08 PM
2026-06-26
$91.00
5/20/2026, 11:28:08 PM
2026-07-17
$87.50
5/20/2026, 11:28:08 PM
2026-08-21
$95.00
5/20/2026, 11:28:08 PM
2026-09-18
$95.00
5/20/2026, 11:28:08 PM
2026-11-20
$90.00
5/20/2026, 11:28:08 PM
2026-12-18
$95.00
5/20/2026, 11:28:08 PM
2027-01-15
$87.50
5/20/2026, 11:28:08 PM
2027-03-19
$92.50
5/20/2026, 11:28:08 PM
Selected expiration: 2026-05-22 at max pain $93.00.
SO pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
648000
648000
83
900
476700
477600
85
1500
363100
364600
86
1800
306400
308200
87
2100
252400
254500
88
2400
198700
201100
89
2700
146100
148800
90
3000
96700
99700
91
3300
58800
62100
92
3600
36300
39900
93
5600
21300
26900
94
42800
11400
54200
95
108300
5200
113500
96
185500
1200
186700
97
322100
300
322400
98
469700
0
469700
99
629100
0
629100
100
789200
0
789200
101
950900
0
950900
102
1213100
0
1213100
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.