This page reflects V 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 — V
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $322.50 (8.25 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$322.50
Nearest expiry
Expected Move
±$5.07
±1.5%
Days to Expiry
2
Calendar days
Total Call OI
18,304
Nearest expiry
Total Put OI
8,611
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$330.75
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
$320.00
5/8/2026, 11:36:54 PM
2026-05-15
$320.00
5/15/2026, 11:42:33 PM
2026-05-22NextUpdated
$322.50
5/20/2026, 11:40:44 PM
2026-05-29
$320.00
5/20/2026, 11:40:44 PM
2026-06-05
$320.00
5/20/2026, 11:40:44 PM
2026-06-12
$320.00
5/20/2026, 11:40:44 PM
2026-06-18
$325.00
5/20/2026, 11:40:44 PM
2026-06-26
$300.00
5/20/2026, 11:40:44 PM
2026-07-17
$315.00
5/20/2026, 11:40:44 PM
2026-08-21
$325.00
5/20/2026, 11:40:44 PM
2026-09-18
$335.00
5/20/2026, 11:40:44 PM
2026-11-20
$320.00
5/20/2026, 11:40:44 PM
2026-12-18
$330.00
5/20/2026, 11:40:44 PM
2027-01-15
$360.00
5/20/2026, 11:40:44 PM
2027-03-19
$320.00
5/20/2026, 11:40:44 PM
Selected expiration: 2026-05-22 at max pain $322.50.
V pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
190
0
98307000
98307000
195
0
94001500
94001500
200
0
89707500
89707500
205
0
85431500
85431500
210
0
81167500
81167500
220
0
72639500
72639500
225
1500
68379000
68380500
230
3000
64128500
64131500
235
4500
59887000
59891500
240
6000
55653000
55659000
245
7500
51424000
51431500
250
9000
47198500
47207500
255
10500
42975000
42985500
260
12000
38767500
38779500
265
13500
34572500
34586000
267.5
14250
32704750
32719000
270
15000
30839750
30854750
272.5
15750
28984750
29000500
275
16500
27130000
27146500
277.5
17250
25335250
25352500
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.