This page reflects ZM 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 — ZM
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $95.00 (4.42 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$8.82
±8.9%
Days to Expiry
2
Calendar days
Total Call OI
8,340
Nearest expiry
Total Put OI
5,191
Nearest expiry
P/C OI Ratio
0.62
Put-heavy
Spot Price
$99.42
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
$101.00
5/8/2026, 11:37:21 PM
2026-05-15
$92.50
5/15/2026, 11:47:52 PM
2026-05-22NextUpdated
$95.00
5/20/2026, 11:39:03 PM
2026-05-29
$100.00
5/20/2026, 11:39:03 PM
2026-06-05
$93.00
5/20/2026, 11:39:03 PM
2026-06-12
$100.00
5/20/2026, 11:39:03 PM
2026-06-18
$80.00
5/20/2026, 11:39:03 PM
2026-06-26
$100.00
5/20/2026, 11:39:03 PM
2026-07-17
$90.00
5/20/2026, 11:39:03 PM
2026-08-21
$90.00
5/20/2026, 11:39:03 PM
2026-09-18
$82.50
5/20/2026, 11:39:03 PM
2026-11-20
$90.00
5/20/2026, 11:39:03 PM
2026-12-18
$80.00
5/20/2026, 11:39:03 PM
2027-01-15
$90.00
5/20/2026, 11:39:03 PM
2027-03-19
$100.00
5/20/2026, 11:39:03 PM
Selected expiration: 2026-05-22 at max pain $95.00.
ZM pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
22134900
22134900
60
0
16967900
16967900
65
0
14386900
14386900
69
400
12322100
12322500
70
500
11807500
11808000
71
1000
11294600
11295600
72
1500
10788200
10789700
74
2500
9775800
9778300
75
3500
9270400
9273900
76
5800
8778800
8784600
77
8300
8293100
8301400
78
11400
7810200
7821600
79
14600
7335900
7350500
80
17800
6867400
6885200
81
23700
6409500
6433200
82
30000
5957000
5987000
83
38700
5507800
5546500
84
48900
5060500
5109400
85
60400
4615600
4676000
86
73700
4198900
4272600
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.