This page reflects VRT 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 — VRT
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $337.50 (21.83 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$337.50
Nearest expiry
Expected Move
±$18.45
±5.8%
Days to Expiry
2
Calendar days
Total Call OI
14,892
Nearest expiry
Total Put OI
33,215
Nearest expiry
P/C OI Ratio
2.23
Put-heavy
Spot Price
$315.67
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
$322.50
5/8/2026, 11:36:51 PM
2026-05-15
$310.00
5/15/2026, 11:43:38 PM
2026-05-22NextUpdated
$337.50
5/20/2026, 11:37:37 PM
2026-05-29
$325.00
5/20/2026, 11:37:37 PM
2026-06-05
$335.00
5/20/2026, 11:37:37 PM
2026-06-12
$345.00
5/20/2026, 11:37:37 PM
2026-06-18
$250.00
5/20/2026, 11:37:37 PM
2026-06-26
$330.00
5/20/2026, 11:37:37 PM
2026-07-17
$360.00
5/20/2026, 11:37:37 PM
2026-08-21
$320.00
5/20/2026, 11:37:37 PM
2026-09-18
$240.00
5/20/2026, 11:37:37 PM
2026-10-16
$330.00
5/20/2026, 11:37:37 PM
2026-11-20
$250.00
5/20/2026, 11:37:37 PM
2026-12-18
$200.00
5/20/2026, 11:37:37 PM
2027-01-15
$165.00
5/20/2026, 11:37:37 PM
2027-03-19
$320.00
5/20/2026, 11:37:37 PM
Selected expiration: 2026-05-22 at max pain $337.50.
VRT pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
135
0
465085250
465085250
140
0
448478750
448478750
150
1000
415265750
415266750
160
10000
382052750
382062750
165
14500
365449250
365463750
170
19000
348867250
348886250
180
32000
315703250
315735250
185
113500
299126750
299240250
190
195000
282565250
282760250
195
277000
266017250
266294250
200
360000
249472250
249832250
205
445500
232939250
233384750
210
531000
218723250
219254250
215
616500
204511750
205128250
220
703500
192728750
193432250
225
791500
180984250
181775750
230
880500
169248250
170128750
232.5
926250
163526500
164452750
235
972500
157804750
158777250
237.5
1019000
152096250
153115250
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.