This page reflects XYL 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 — XYL
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $115.00 (6.78 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$6.73
±6.2%
Days to Expiry
29
Calendar days
Total Call OI
982
Nearest expiry
Total Put OI
1,231
Nearest expiry
P/C OI Ratio
1.25
Put-heavy
Spot Price
$108.22
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$130.00
4/17/2026, 11:30:15 PM
2026-05-15
$120.00
5/15/2026, 11:48:38 PM
2026-06-18NextUpdated
$115.00
5/20/2026, 11:39:02 PM
2026-07-17
$115.00
5/20/2026, 11:39:02 PM
2026-09-18
$110.00
5/20/2026, 11:39:02 PM
2026-10-16
$120.00
5/20/2026, 11:39:02 PM
2026-12-18
$130.00
5/20/2026, 11:39:02 PM
2027-01-15
$100.00
5/20/2026, 11:39:02 PM
Selected expiration: 2026-06-18 at max pain $115.00.
XYL pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
4309500
4309500
85
3000
3079500
3082500
90
4500
2465500
2470000
95
6000
1858500
1864500
100
7500
1253000
1260500
105
11000
689500
700500
110
14500
139500
154000
115
26500
99000
125500
120
98500
68500
167000
125
227500
61000
288500
130
523500
55000
578500
135
928500
50000
978500
140
1418000
45000
1463000
185
5837000
0
5837000
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.