Zebra Technologies CorporationClose $243.47EOD only
Max Pain
$220.00
Next expiry Jun 18, 2026
Expected Move
±$25.00
10.3% from close
Price Gap
-23.47
Distance to max pain
IV Rank
0
Low premium
P/C OI
0.42
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects ZBRA 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 — ZBRA
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $220.00 (23.47 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$220.00
Nearest expiry
Expected Move
±$25.00
±10.3%
Days to Expiry
29
Calendar days
Total Call OI
1,891
Nearest expiry
Total Put OI
404
Nearest expiry
P/C OI Ratio
0.21
Put-heavy
Spot Price
$243.47
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
$200.00
4/17/2026, 11:30:49 PM
2026-05-15
$220.00
5/15/2026, 11:46:49 PM
2026-06-18NextUpdated
$220.00
5/20/2026, 11:39:40 PM
2026-07-17
$250.00
5/20/2026, 11:39:40 PM
2026-08-21
$210.00
5/20/2026, 11:39:40 PM
2026-11-20
$230.00
5/20/2026, 11:39:40 PM
2026-12-18
$230.00
5/20/2026, 11:39:40 PM
Selected expiration: 2026-06-18 at max pain $220.00.
ZBRA pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
150
0
2444500
2444500
155
0
2243500
2243500
165
0
1846500
1846500
170
0
1656500
1656500
175
0
1467000
1467000
180
500
1278000
1278500
185
2000
1090500
1092500
190
11500
928500
940000
195
22000
772000
794000
200
32500
666000
698500
210
59500
475000
534500
220
86500
312000
398500
230
1285500
182000
1467500
240
2508500
94000
2602500
250
3862500
44000
3906500
260
5326500
16000
5342500
270
6910500
0
6910500
280
8524500
0
8524500
290
10180500
0
10180500
300
11881500
0
11881500
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.