This page reflects TROW 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 — TROW
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $95.00 (6.83 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$6.25
±6.1%
Days to Expiry
29
Calendar days
Total Call OI
5,197
Nearest expiry
Total Put OI
3,635
Nearest expiry
P/C OI Ratio
0.70
Put-heavy
Spot Price
$101.83
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
$95.00
4/17/2026, 11:31:22 PM
2026-05-15
$95.00
5/15/2026, 11:41:05 PM
2026-06-18NextUpdated
$95.00
5/20/2026, 11:35:44 PM
2026-07-17
$100.00
5/20/2026, 11:35:44 PM
2026-09-18
$95.00
5/20/2026, 11:35:44 PM
2026-10-16
$100.00
5/20/2026, 11:35:44 PM
2026-12-18
$95.00
5/20/2026, 11:35:44 PM
2027-01-15
$95.00
5/20/2026, 11:35:44 PM
2027-03-19
$100.00
5/20/2026, 11:35:44 PM
Selected expiration: 2026-06-18 at max pain $95.00.
TROW pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
17631500
17631500
45
0
15815500
15815500
50
0
14000500
14000500
55
1000
12189000
12190000
60
3000
10377500
10380500
65
5500
8604000
8609500
70
8500
6998500
7007000
75
16000
5434500
5450500
80
37000
3907000
3944000
85
69500
2599500
2669000
90
134500
1554500
1689000
95
350000
751500
1101500
100
863500
419500
1283000
105
2087500
231000
2318500
110
3708000
116000
3824000
115
5748500
51000
5799500
120
8112500
500
8113000
125
10536500
0
10536500
130
13011000
0
13011000
135
15519500
0
15519500
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.