This page reflects STT 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 — STT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $130.00 (24.07 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$9.60
±6.2%
Days to Expiry
29
Calendar days
Total Call OI
3,774
Nearest expiry
Total Put OI
1,655
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$154.07
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
$135.00
4/17/2026, 11:30:03 PM
2026-05-15
$140.00
5/15/2026, 11:35:49 PM
2026-06-18NextUpdated
$130.00
5/20/2026, 11:35:05 PM
2026-07-17
$150.00
5/20/2026, 11:35:05 PM
2026-08-21
$130.00
5/20/2026, 11:35:05 PM
2026-09-18
$120.00
5/20/2026, 11:35:05 PM
2026-11-20
$135.00
5/20/2026, 11:35:05 PM
2026-12-18
$125.00
5/20/2026, 11:35:05 PM
2027-01-15
$110.00
5/20/2026, 11:35:05 PM
2027-03-19
$145.00
5/20/2026, 11:35:05 PM
Selected expiration: 2026-06-18 at max pain $130.00.
STT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
11891500
11891500
50
0
11064500
11064500
55
0
10238500
10238500
60
0
9412500
9412500
65
0
8673500
8673500
70
0
7935000
7935000
72.5
0
7566500
7566500
75
0
7198500
7198500
77.5
0
6831750
6831750
80
0
6465250
6465250
82.5
1500
6103000
6104500
85
3000
5740750
5743750
87.5
7750
5384500
5392250
90
13000
5029750
5042750
92.5
28000
4683500
4711500
95
51000
4342000
4393000
97.5
77000
4007750
4084750
100
103000
3680000
3783000
105
167000
3024500
3191500
110
231000
2497000
2728000
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.