This page reflects STUB 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 — STUB
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $7.50 (2.50 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.50
Nearest expiry
Expected Move
±$0.23
±2.3%
Days to Expiry
2
Calendar days
Total Call OI
6,311
Nearest expiry
Total Put OI
1,640
Nearest expiry
P/C OI Ratio
0.26
Put-heavy
Spot Price
$10.00
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
$7.00
5/8/2026, 11:33:02 PM
2026-05-15
$7.50
5/15/2026, 11:38:24 PM
2026-05-22NextUpdated
$7.50
5/20/2026, 11:34:56 PM
2026-05-29
$8.00
5/20/2026, 11:34:56 PM
2026-06-05
$7.50
5/20/2026, 11:34:56 PM
2026-06-12
$7.00
5/20/2026, 11:34:56 PM
2026-06-18
$7.50
5/20/2026, 11:34:56 PM
2026-06-26
$8.00
5/20/2026, 11:34:56 PM
2026-07-17
$7.50
5/20/2026, 11:34:56 PM
2026-08-21
$5.00
5/20/2026, 11:34:56 PM
2026-09-18
$7.50
5/20/2026, 11:34:56 PM
2026-10-16
$7.50
5/20/2026, 11:34:56 PM
2026-11-20
$5.00
5/20/2026, 11:34:56 PM
2026-12-18
$12.50
5/20/2026, 11:34:56 PM
2027-01-15
$7.50
5/20/2026, 11:34:56 PM
Selected expiration: 2026-05-22 at max pain $7.50.
STUB pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
1025250
1025250
2.5
450
779250
779700
4
1050
533250
534300
5.5
1650
288900
290550
6
1850
212550
214400
6.5
2050
148000
150050
7
2550
105600
108150
7.5
9800
67350
77150
8
158300
38300
196600
8.5
328600
15350
343950
9
508850
3700
512550
9.5
714950
2400
717350
10
966200
2050
968250
10.5
1270850
1700
1272550
11
1585950
1350
1587300
11.5
1901500
1100
1902600
12
2217050
850
2217900
13
2848150
350
2848500
13.5
3163700
150
3163850
14
3479250
0
3479250
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.