This page reflects TKO 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 — TKO
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $190.00 (4.28 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$190.00
Nearest expiry
Expected Move
±$16.15
±8.3%
Days to Expiry
29
Calendar days
Total Call OI
2,026
Nearest expiry
Total Put OI
1,555
Nearest expiry
P/C OI Ratio
0.77
Put-heavy
Spot Price
$194.28
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
$200.00
4/17/2026, 11:33:25 PM
2026-05-15
$185.00
5/15/2026, 11:38:16 PM
2026-06-18NextUpdated
$190.00
5/20/2026, 11:32:53 PM
2026-07-17
$195.00
5/20/2026, 11:32:53 PM
2026-10-16
$180.00
5/20/2026, 11:32:53 PM
2027-01-15
$160.00
5/20/2026, 11:32:53 PM
Selected expiration: 2026-06-18 at max pain $190.00.
TKO pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
120
0
8840000
8840000
125
1000
8062500
8063500
150
8500
4175000
4183500
155
10000
3405000
3415000
160
12000
2636500
2648500
165
14000
1875000
1889000
170
16000
1175500
1191500
175
18000
892500
910500
180
21000
622500
643500
185
56000
399000
455000
190
120000
203000
323000
195
239000
108000
347000
200
375500
27000
402500
210
1510500
13000
1523500
220
3118500
1000
3119500
230
4748500
0
4748500
240
6464500
0
6464500
250
8453500
0
8453500
260
10454500
0
10454500
270
12479500
0
12479500
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.