This page reflects UPS 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 — UPS
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $98.00 (0.87 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$98.00
Nearest expiry
Expected Move
±$1.85
±1.9%
Days to Expiry
2
Calendar days
Total Call OI
10,774
Nearest expiry
Total Put OI
7,754
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$98.87
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
$99.00
5/8/2026, 11:34:14 PM
2026-05-15
$100.00
5/15/2026, 11:43:22 PM
2026-05-22NextUpdated
$98.00
5/20/2026, 11:36:00 PM
2026-05-29
$97.00
5/20/2026, 11:36:00 PM
2026-06-05
$100.00
5/20/2026, 11:36:00 PM
2026-06-12
$97.00
5/20/2026, 11:36:00 PM
2026-06-18
$100.00
5/20/2026, 11:36:00 PM
2026-06-26
$97.00
5/20/2026, 11:36:00 PM
2026-07-17
$105.00
5/20/2026, 11:36:00 PM
2026-08-21
$100.00
5/20/2026, 11:36:00 PM
2026-09-18
$100.00
5/20/2026, 11:36:00 PM
2026-10-16
$95.00
5/20/2026, 11:36:00 PM
2026-12-18
$100.00
5/20/2026, 11:36:00 PM
2027-01-15
$100.00
5/20/2026, 11:36:00 PM
2027-03-19
$100.00
5/20/2026, 11:36:00 PM
Selected expiration: 2026-05-22 at max pain $98.00.
UPS pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
26015600
26015600
65
500
22138600
22139100
70
1000
18262600
18263600
75
23000
14388600
14411600
80
45000
10518600
10563600
85
106000
6657600
6763600
86
121000
5891500
6012500
87
136400
5133600
5270000
88
152100
4379200
4531300
89
168200
3711300
3879500
90
184900
3051600
3236500
91
202200
2494100
2696300
92
219600
1978000
2197600
93
237300
1482900
1720200
94
255000
1015400
1270400
95
273700
569100
842800
96
298000
425600
723600
97
338000
304300
642300
98
405000
214200
619200
99
542400
143300
685700
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.