This page reflects TIGR 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 — TIGR
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $7.00 (1.11 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.00
Nearest expiry
Expected Move
±$0.46
±7.7%
Days to Expiry
2
Calendar days
Total Call OI
4,270
Nearest expiry
Total Put OI
31,508
Nearest expiry
P/C OI Ratio
7.38
Put-heavy
Spot Price
$5.89
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
$6.50
5/8/2026, 11:34:04 PM
2026-05-15
$6.50
5/15/2026, 11:42:49 PM
2026-05-22NextUpdated
$7.00
5/20/2026, 11:33:42 PM
2026-05-29
$6.50
5/20/2026, 11:33:42 PM
2026-06-05
$6.50
5/20/2026, 11:33:42 PM
2026-06-12
$6.00
5/20/2026, 11:33:42 PM
2026-06-18
$7.00
5/20/2026, 11:33:42 PM
2026-06-26
$6.00
5/20/2026, 11:33:42 PM
2026-07-17
$8.00
5/20/2026, 11:33:42 PM
2026-10-16
$7.00
5/20/2026, 11:33:42 PM
2027-01-15
$7.00
5/20/2026, 11:33:42 PM
Selected expiration: 2026-05-22 at max pain $7.00.
TIGR pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
11034450
11034450
5
2750
3157450
3160200
5.5
4600
1583350
1587950
6
6850
219950
226800
6.5
18450
41800
60250
7
46400
12500
58900
7.5
160500
1100
161600
8
333700
700
334400
8.5
538400
600
539000
9
750100
500
750600
10
1177100
300
1177400
11
1604100
100
1604200
12
2031100
0
2031100
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.