This page reflects TWLO 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 — TWLO
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $185.00 (4.33 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$185.00
Nearest expiry
Expected Move
±$7.18
±3.8%
Days to Expiry
2
Calendar days
Total Call OI
4,412
Nearest expiry
Total Put OI
2,689
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$189.33
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
$170.00
5/8/2026, 11:32:48 PM
2026-05-15
$150.00
5/15/2026, 11:42:20 PM
2026-05-22NextUpdated
$185.00
5/20/2026, 11:34:15 PM
2026-05-29
$177.50
5/20/2026, 11:34:15 PM
2026-06-05
$175.00
5/20/2026, 11:34:15 PM
2026-06-12
$170.00
5/20/2026, 11:34:15 PM
2026-06-18
$135.00
5/20/2026, 11:34:15 PM
2026-06-26
$167.50
5/20/2026, 11:34:15 PM
2026-07-17
$155.00
5/20/2026, 11:34:15 PM
2026-08-21
$195.00
5/20/2026, 11:34:15 PM
2026-09-18
$115.00
5/20/2026, 11:34:15 PM
2026-10-16
$195.00
5/20/2026, 11:34:15 PM
2026-11-20
$160.00
5/20/2026, 11:34:15 PM
2026-12-18
$155.00
5/20/2026, 11:34:15 PM
2027-01-15
$105.00
5/20/2026, 11:34:15 PM
2027-02-19
$115.00
5/20/2026, 11:34:15 PM
2027-03-19
$150.00
5/20/2026, 11:34:15 PM
Selected expiration: 2026-05-22 at max pain $185.00.
TWLO pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
26566350
26566350
70
0
25243350
25243350
75
0
23932850
23932850
80
0
22632850
22632850
85
0
21342850
21342850
90
500
20059850
20060350
95
1000
18781350
18782350
99
1400
17805350
17806750
100
1500
17562250
17563750
101
1600
17320350
17321950
102
1700
17079350
17081050
103
1800
16838650
16840450
104
1900
16598250
16600150
105
2000
16358050
16360050
106
2200
16118050
16120250
107
2400
15878450
15880850
108
2600
15639250
15641850
109
2800
15400350
15403150
110
3000
15161650
15164650
111
5300
14923850
14929150
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.