This page reflects XYZ 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 — XYZ
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $70.00 (0.89 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$2.21
±3.1%
Days to Expiry
2
Calendar days
Total Call OI
19,833
Nearest expiry
Total Put OI
10,563
Nearest expiry
P/C OI Ratio
0.53
Put-heavy
Spot Price
$70.89
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
$70.00
5/8/2026, 11:35:41 PM
2026-05-15
$62.50
5/15/2026, 11:46:54 PM
2026-05-22NextUpdated
$70.00
5/20/2026, 11:41:02 PM
2026-05-29
$70.00
5/20/2026, 11:41:02 PM
2026-06-05
$70.00
5/20/2026, 11:41:02 PM
2026-06-12
$71.00
5/20/2026, 11:41:02 PM
2026-06-18
$70.00
5/20/2026, 11:41:02 PM
2026-06-26
$71.00
5/20/2026, 11:41:02 PM
2026-07-17
$72.50
5/20/2026, 11:41:02 PM
2026-09-18
$65.00
5/20/2026, 11:41:02 PM
2026-11-20
$70.00
5/20/2026, 11:41:02 PM
2026-12-18
$70.00
5/20/2026, 11:41:02 PM
2027-01-15
$67.50
5/20/2026, 11:41:02 PM
2027-03-19
$70.00
5/20/2026, 11:41:02 PM
Selected expiration: 2026-05-22 at max pain $70.00.
XYZ pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
31818400
31818400
40
1000
26544400
26545400
45
2000
21272400
21274400
49
2800
17089600
17092400
50
3000
16044100
16047100
51
3300
15001900
15005200
52
3600
14009300
14012900
53
3900
13018700
13022600
54
4200
12029000
12033200
55
4600
11044400
11049000
56
5300
10067700
10073000
57
16300
9091600
9107900
58
27400
8123300
8150700
59
38500
7324900
7363400
60
49600
6541300
6590900
61
62300
5766700
5829000
62
75200
5000100
5075300
63
89000
4238800
4327800
64
104200
3481900
3586100
65
120600
2737500
2858100
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.