This page reflects TRU 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 — TRU
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $77.50 (8.57 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$77.50
Nearest expiry
Expected Move
±$6.97
±10.1%
Days to Expiry
29
Calendar days
Total Call OI
908
Nearest expiry
Total Put OI
600
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$68.93
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
$72.50
4/17/2026, 11:30:48 PM
2026-05-15
$67.50
5/15/2026, 11:42:13 PM
2026-06-18NextUpdated
$77.50
5/20/2026, 11:36:56 PM
2026-07-17
$72.50
5/20/2026, 11:36:56 PM
2026-08-21
$72.50
5/20/2026, 11:36:56 PM
2026-09-18
$72.50
5/20/2026, 11:36:56 PM
2026-12-18
$60.00
5/20/2026, 11:36:56 PM
2027-01-15
$70.00
5/20/2026, 11:36:56 PM
Selected expiration: 2026-06-18 at max pain $77.50.
TRU pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
1602750
1602750
45
0
1303250
1303250
47.5
0
1154000
1154000
50
0
1017750
1017750
55
0
751750
751750
60
0
517750
517750
62.5
0
413250
413250
65
0
310250
310250
67.5
0
215000
215000
70
0
127000
127000
72.5
5750
92750
98500
75
17250
60750
78000
77.5
35750
29750
65500
80
64500
1750
66250
82.5
213500
500
214000
85
362500
250
362750
87.5
518500
0
518500
90
706000
0
706000
92.5
896750
0
896750
95
1092000
0
1092000
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.