This page reflects TMDX 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 — TMDX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $70.00 (2.00 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$11.80
±17.4%
Days to Expiry
29
Calendar days
Total Call OI
3,866
Nearest expiry
Total Put OI
7,381
Nearest expiry
P/C OI Ratio
1.91
Put-heavy
Spot Price
$68.00
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
$110.00
4/17/2026, 11:28:54 PM
2026-05-15
$70.00
5/15/2026, 11:39:11 PM
2026-06-18NextUpdated
$70.00
5/20/2026, 11:33:55 PM
2026-07-17
$70.00
5/20/2026, 11:33:55 PM
2026-10-16
$100.00
5/20/2026, 11:33:55 PM
2026-12-18
$90.00
5/20/2026, 11:33:55 PM
2027-01-15
$70.00
5/20/2026, 11:33:55 PM
Selected expiration: 2026-06-18 at max pain $70.00.
TMDX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
14255000
14255000
45
3500
10564500
10568000
50
9000
6932000
6941000
55
21000
3398000
3419000
60
40500
1635500
1676000
65
139000
1039500
1178500
70
292000
640500
932500
75
1421500
394500
1816000
80
2715000
224500
2939500
85
4157000
110000
4267000
90
5698500
20000
5718500
95
7291000
0
7291000
100
8912500
0
8912500
105
10587500
0
10587500
110
12279000
0
12279000
115
14086000
0
14086000
120
15897500
0
15897500
125
17720500
0
17720500
130
19553500
0
19553500
135
21426500
0
21426500
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.