This page reflects TGT 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 — TGT
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $121.00 (1.33 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$121.00
Nearest expiry
Expected Move
±$3.58
±2.9%
Days to Expiry
2
Calendar days
Total Call OI
34,343
Nearest expiry
Total Put OI
32,739
Nearest expiry
P/C OI Ratio
0.95
Put-heavy
Spot Price
$122.33
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
$126.00
5/8/2026, 11:31:52 PM
2026-05-15
$124.00
5/15/2026, 11:42:30 PM
2026-05-22NextUpdated
$121.00
5/20/2026, 11:35:46 PM
2026-05-29
$122.00
5/20/2026, 11:35:46 PM
2026-06-05
$121.00
5/20/2026, 11:35:46 PM
2026-06-12
$124.00
5/20/2026, 11:35:46 PM
2026-06-18
$115.00
5/20/2026, 11:35:46 PM
2026-06-26
$121.00
5/20/2026, 11:35:46 PM
2026-07-17
$120.00
5/20/2026, 11:35:46 PM
2026-08-21
$125.00
5/20/2026, 11:35:46 PM
2026-09-18
$110.00
5/20/2026, 11:35:46 PM
2026-10-16
$130.00
5/20/2026, 11:35:46 PM
2026-11-20
$120.00
5/20/2026, 11:35:46 PM
2026-12-18
$100.00
5/20/2026, 11:35:46 PM
2027-01-15
$95.00
5/20/2026, 11:35:46 PM
2027-03-19
$125.00
5/20/2026, 11:35:46 PM
Selected expiration: 2026-05-22 at max pain $121.00.
TGT pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
149523500
149523500
70
2000
133159500
133161500
75
5500
116809000
116814500
80
11500
100549000
100560500
85
19500
84989500
85009000
90
27500
69526500
69554000
95
38000
54568500
54606500
98
47600
45725700
45773300
99
50800
42805100
42855900
100
54000
39891700
39945700
101
72000
37112300
37184300
102
90000
34345000
34435000
103
108200
31588300
31696500
104
130000
28872300
29002300
105
152000
26176900
26328900
106
179000
23849400
24028400
107
207100
21544500
21751600
108
236600
19275300
19511900
109
276100
17075100
17351200
110
323100
14934700
15257800
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.