This page reflects SPXC 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 — SPXC
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $185.00 (20.55 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$185.00
Nearest expiry
Expected Move
±$17.20
±8.4%
Days to Expiry
29
Calendar days
Total Call OI
727
Nearest expiry
Total Put OI
87
Nearest expiry
P/C OI Ratio
0.12
Put-heavy
Spot Price
$205.55
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
$200.00
4/17/2026, 11:29:00 PM
2026-05-15
$200.00
5/15/2026, 11:40:57 PM
2026-06-18NextUpdated
$185.00
5/20/2026, 11:31:58 PM
2026-07-17
$200.00
5/20/2026, 11:31:58 PM
2026-09-18
$200.00
5/20/2026, 11:31:58 PM
2026-12-18
$180.00
5/20/2026, 11:31:58 PM
Selected expiration: 2026-06-18 at max pain $185.00.
SPXC pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
768000
768000
100
500
724500
725000
110
2500
637500
640000
115
5000
594000
599000
120
8000
550500
558500
125
11000
507000
518000
130
14000
464500
478500
135
18000
424000
442000
140
22000
385000
407000
145
26000
348500
374500
150
30000
314000
344000
155
36500
284000
320500
160
44000
254000
298000
165
54000
224000
278000
170
64000
196000
260000
175
75500
168000
243500
180
87500
140500
228000
185
99500
115000
214500
190
120000
97500
217500
195
142000
81500
223500
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.