This page reflects VOO 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 — VOO
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $657.50 (24.07 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$657.50
Nearest expiry
Expected Move
±$7.03
±1.0%
Days to Expiry
2
Calendar days
Total Call OI
4,845
Nearest expiry
Total Put OI
3,301
Nearest expiry
P/C OI Ratio
0.68
Put-heavy
Spot Price
$681.57
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
$645.00
5/8/2026, 11:36:32 PM
2026-05-15
$635.00
5/15/2026, 11:45:23 PM
2026-05-22NextUpdated
$657.50
5/20/2026, 11:38:58 PM
2026-05-29
$640.00
5/20/2026, 11:38:58 PM
2026-06-05
$640.00
5/20/2026, 11:38:58 PM
2026-06-12
$652.50
5/20/2026, 11:38:58 PM
2026-06-18
$640.00
5/20/2026, 11:38:58 PM
2026-06-26
$640.00
5/20/2026, 11:38:58 PM
2026-07-17
$635.00
5/20/2026, 11:38:58 PM
2026-08-21
$650.00
5/20/2026, 11:38:58 PM
2026-09-18
$625.00
5/20/2026, 11:38:58 PM
2026-10-16
$610.00
5/20/2026, 11:38:58 PM
2027-01-15
$540.00
5/20/2026, 11:38:58 PM
Selected expiration: 2026-05-22 at max pain $657.50.
VOO pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
455
0
63812000
63812000
460
0
62161500
62161500
465
2500
60511000
60513500
485
20500
53909000
53929500
490
34000
52281000
52315000
495
51500
50653000
50704500
500
73000
49025000
49098000
505
97500
47397000
47494500
510
125000
45769000
45894000
515
158000
44141000
44299000
520
196500
42513000
42709500
525
236000
40885500
41121500
530
277000
39259000
39536000
535
319000
37632500
37951500
540
364500
36006500
36371000
545
410500
34383000
34793500
550
457500
32761500
33219000
555
505000
31145500
31650500
560
552500
29535000
30087500
565
601000
27925000
28526000
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.