This page reflects TS 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 — TS
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $52.50 (8.19 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$52.50
Nearest expiry
Expected Move
±$4.30
±7.1%
Days to Expiry
29
Calendar days
Total Call OI
955
Nearest expiry
Total Put OI
1,753
Nearest expiry
P/C OI Ratio
1.84
Put-heavy
Spot Price
$60.69
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
$55.00
4/17/2026, 11:29:15 PM
2026-05-15
$60.00
5/15/2026, 11:39:40 PM
2026-06-18NextUpdated
$52.50
5/20/2026, 11:37:12 PM
2026-07-17
$57.50
5/20/2026, 11:37:12 PM
2026-09-18
$52.50
5/20/2026, 11:37:12 PM
2026-11-20
$50.00
5/20/2026, 11:37:12 PM
2026-12-18
$60.00
5/20/2026, 11:37:12 PM
Selected expiration: 2026-06-18 at max pain $52.50.
TS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
2562750
2562750
27.5
0
2125000
2125000
32.5
0
1250000
1250000
35
0
820000
820000
37.5
0
575250
575250
40
0
369750
369750
42.5
250
303000
303250
45
750
238500
239250
47.5
27500
174000
201500
50
54500
111250
165750
52.5
85250
78250
163500
55
116000
51000
167000
57.5
148250
28500
176750
60
198500
12750
211250
62.5
398000
1000
399000
65
624250
0
624250
67.5
856500
0
856500
70
1094250
0
1094250
80
2047250
0
2047250
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.