This page reflects TMUS 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 — TMUS
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $185.00 (5.16 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$185.00
Nearest expiry
Expected Move
±$3.88
±2.0%
Days to Expiry
2
Calendar days
Total Call OI
3,395
Nearest expiry
Total Put OI
1,206
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$190.16
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
$195.00
5/8/2026, 11:31:34 PM
2026-05-15
$192.50
5/15/2026, 11:40:31 PM
2026-05-22NextUpdated
$185.00
5/20/2026, 11:38:19 PM
2026-05-29
$190.00
5/20/2026, 11:38:19 PM
2026-06-05
$190.00
5/20/2026, 11:38:19 PM
2026-06-12
$195.00
5/20/2026, 11:38:19 PM
2026-06-18
$200.00
5/20/2026, 11:38:19 PM
2026-06-26
$185.00
5/20/2026, 11:38:19 PM
2026-07-17
$190.00
5/20/2026, 11:38:19 PM
2026-08-21
$195.00
5/20/2026, 11:38:19 PM
2026-09-18
$195.00
5/20/2026, 11:38:19 PM
2026-11-20
$190.00
5/20/2026, 11:38:19 PM
2026-12-18
$200.00
5/20/2026, 11:38:19 PM
2027-01-15
$200.00
5/20/2026, 11:38:19 PM
2027-03-19
$200.00
5/20/2026, 11:38:19 PM
Selected expiration: 2026-05-22 at max pain $185.00.
TMUS pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
115
0
7684250
7684250
140
0
4679250
4679250
155
0
2892750
2892750
160
500
2325250
2325750
162.5
750
2044250
2045000
165
3250
1763250
1766500
167.5
8000
1487000
1495000
170
14750
1212250
1227000
172.5
23250
1008250
1031500
175
32750
808000
840750
177.5
44500
625750
670250
180
60750
470500
531250
182.5
83500
330000
413500
185
107500
206750
314250
187.5
199250
128000
327250
190
330500
66000
396500
192.5
741500
42500
784000
195
1201250
26750
1228000
197.5
1714250
18000
1732250
200
2290750
9500
2300250
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.