This page reflects TRIP 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 — TRIP
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $10.00 (0.07 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$0.38
±3.8%
Days to Expiry
2
Calendar days
Total Call OI
447
Nearest expiry
Total Put OI
618
Nearest expiry
P/C OI Ratio
1.38
Put-heavy
Spot Price
$9.93
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
$10.00
5/8/2026, 11:35:05 PM
2026-05-15
$10.00
5/15/2026, 11:41:31 PM
2026-05-22NextUpdated
$10.00
5/20/2026, 11:36:59 PM
2026-05-29
$9.50
5/20/2026, 11:36:59 PM
2026-06-05
$10.00
5/20/2026, 11:36:59 PM
2026-06-12
$1.00
5/20/2026, 11:36:59 PM
2026-06-18
$10.00
5/20/2026, 11:36:59 PM
2026-06-26
$1.00
5/20/2026, 11:36:59 PM
2026-07-17
$7.00
5/20/2026, 11:36:59 PM
2026-09-18
$10.00
5/20/2026, 11:36:59 PM
2026-12-18
$11.00
5/20/2026, 11:36:59 PM
2027-01-15
$12.00
5/20/2026, 11:36:59 PM
Selected expiration: 2026-05-22 at max pain $10.00.
TRIP pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
534250
534250
2
3300
474350
477650
3
7400
414450
421850
7
29400
175250
204650
8
34900
115550
150450
8.5
37650
85800
123450
9
40400
56350
96750
9.5
43150
33200
76350
10
46550
14600
61150
10.5
58250
9100
67350
11
71100
3650
74750
11.5
86200
2600
88800
12
102050
1650
103700
12.5
121450
1050
122500
13
140850
700
141550
13.5
163000
350
163350
14
185150
200
185350
14.5
207400
50
207450
15
229650
0
229650
16
274150
0
274150
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.