This page reflects STZ 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 — STZ
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $144.00 (7.18 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$144.00
Nearest expiry
Expected Move
±$3.63
±2.4%
Days to Expiry
2
Calendar days
Total Call OI
4,235
Nearest expiry
Total Put OI
1,854
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$151.18
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
$152.50
5/8/2026, 11:33:28 PM
2026-05-15
$145.00
5/15/2026, 11:39:00 PM
2026-05-22NextUpdated
$144.00
5/20/2026, 11:36:35 PM
2026-05-29
$150.00
5/20/2026, 11:36:35 PM
2026-06-05
$150.00
5/20/2026, 11:36:35 PM
2026-06-12
$145.00
5/20/2026, 11:36:35 PM
2026-06-18
$150.00
5/20/2026, 11:36:35 PM
2026-06-26
$145.00
5/20/2026, 11:36:35 PM
2026-07-17
$165.00
5/20/2026, 11:36:35 PM
2026-08-21
$150.00
5/20/2026, 11:36:35 PM
2026-09-18
$150.00
5/20/2026, 11:36:35 PM
2026-10-16
$145.00
5/20/2026, 11:36:35 PM
2026-12-18
$160.00
5/20/2026, 11:36:35 PM
2027-01-15
$160.00
5/20/2026, 11:36:35 PM
2027-03-19
$155.00
5/20/2026, 11:36:35 PM
Selected expiration: 2026-05-22 at max pain $144.00.
STZ pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
3135500
3135500
129
0
2395100
2395100
130
0
2210100
2210100
131
0
2050800
2050800
132
0
1891800
1891800
133
0
1732900
1732900
134
0
1574600
1574600
135
2000
1421600
1423600
136
5600
1269600
1275200
137
9200
1118900
1128100
138
12800
978800
991600
139
19300
839800
859100
140
26400
702400
728800
141
51900
569600
621500
142
78200
442500
520700
143
106700
318500
425200
144
141400
244400
385800
145
319000
172700
491700
146
499400
140500
639900
147
691000
117700
808700
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.