This page reflects SO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — SO
Data as of market close May 21, 2026
Nearest listed expiration 2026-05-22 shows max pain at $93.00 (1.24 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
±$0.82
±0.9%
Days to Expiry
1
Calendar days
Total Call OI
2,725
Nearest expiry
Total Put OI
591
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$94.24
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
5/21/2026, 11:33:28 PM
2026-05-29
$93.00
5/21/2026, 11:33:28 PM
2026-06-05
$94.00
5/21/2026, 11:33:28 PM
2026-06-12
$94.00
5/21/2026, 11:33:28 PM
2026-06-18
$95.00
5/21/2026, 11:33:28 PM
2026-06-26
$91.00
5/21/2026, 11:33:28 PM
2026-07-17
$87.50
5/21/2026, 11:33:28 PM
2026-08-21
$95.00
5/21/2026, 11:33:28 PM
2026-09-18
$95.00
5/21/2026, 11:33:28 PM
2026-11-20
$90.00
5/21/2026, 11:33:28 PM
2026-12-18
$95.00
5/21/2026, 11:33:28 PM
2027-01-15
$87.50
5/21/2026, 11:33:28 PM
2027-03-19
$92.50
5/21/2026, 11:33:28 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
673000
673000
83
900
495700
496600
85
1500
378100
379600
86
1800
319400
321200
87
2100
263400
265500
88
2400
207700
210100
89
2700
153200
155900
90
3000
101900
104900
91
3300
62100
65400
92
3600
37700
41300
93
5600
21000
26600
94
43000
9600
52600
95
111200
4200
115400
96
196000
700
196700
97
340300
300
340600
98
495600
0
495600
99
664700
0
664700
100
834500
0
834500
101
1005900
0
1005900
102
1277800
0
1277800
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.