This page reflects TTE 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 — TTE
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $75.00 (17.54 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$5.45
±5.9%
Days to Expiry
29
Calendar days
Total Call OI
16,874
Nearest expiry
Total Put OI
8,363
Nearest expiry
P/C OI Ratio
0.50
Put-heavy
Spot Price
$92.54
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
$87.50
4/17/2026, 11:29:53 PM
2026-05-15
$82.50
5/15/2026, 11:39:19 PM
2026-06-18NextUpdated
$75.00
5/20/2026, 11:36:09 PM
2026-07-17
$90.00
5/20/2026, 11:36:09 PM
2026-08-21
$82.50
5/20/2026, 11:36:09 PM
2026-11-20
$90.00
5/20/2026, 11:36:09 PM
2026-12-18
$82.50
5/20/2026, 11:36:09 PM
2027-01-15
$65.00
5/20/2026, 11:36:09 PM
Selected expiration: 2026-06-18 at max pain $75.00.
TTE pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
42.5
0
29271000
29271000
50
0
22999500
22999500
55
10000
18826500
18836500
57.5
15000
16740000
16755000
60
20000
14684250
14704250
62.5
25000
12751500
12776500
65
30000
10818750
10848750
67.5
51250
9041000
9092250
70
147250
7444000
7591250
72.5
336500
6025250
6361750
75
773000
4839750
5612750
77.5
2483750
3849500
6333250
80
4194500
3020750
7215250
82.5
5969250
2338500
8307750
85
7833750
1739000
9572750
87.5
9816750
1217000
11033750
90
11849250
807000
12656250
92.5
14079500
483250
14562750
95
16567250
206750
16774000
97.5
19972750
0
19972750
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.