This page reflects ZS 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 — ZS
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $146.00 (28.45 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$146.00
Nearest expiry
Expected Move
±$3.75
±2.1%
Days to Expiry
2
Calendar days
Total Call OI
9,507
Nearest expiry
Total Put OI
5,235
Nearest expiry
P/C OI Ratio
0.55
Put-heavy
Spot Price
$174.45
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
$137.00
5/8/2026, 11:36:20 PM
2026-05-15
$140.00
5/15/2026, 11:48:04 PM
2026-05-22NextUpdated
$146.00
5/20/2026, 11:41:40 PM
2026-05-29
$152.50
5/20/2026, 11:41:40 PM
2026-06-05
$149.00
5/20/2026, 11:41:40 PM
2026-06-12
$150.00
5/20/2026, 11:41:40 PM
2026-06-18
$170.00
5/20/2026, 11:41:40 PM
2026-06-26
$152.50
5/20/2026, 11:41:40 PM
2026-07-17
$170.00
5/20/2026, 11:41:40 PM
2026-08-21
$160.00
5/20/2026, 11:41:40 PM
2026-09-18
$180.00
5/20/2026, 11:41:40 PM
2026-11-20
$140.00
5/20/2026, 11:41:40 PM
2026-12-18
$175.00
5/20/2026, 11:41:40 PM
2027-01-15
$185.00
5/20/2026, 11:41:40 PM
2027-03-19
$135.00
5/20/2026, 11:41:40 PM
Selected expiration: 2026-05-22 at max pain $146.00.
ZS pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
41399000
41399000
70
1000
36164000
36165000
75
33500
33549500
33583000
90
131000
25712000
25843000
95
164000
23099500
23263500
100
197000
20488000
20685000
103
218600
18930100
19148700
104
225800
18410900
18636700
105
233000
17892000
18125000
106
241100
17378300
17619400
107
249200
16865300
17114500
108
257300
16353000
16610300
109
265400
15842500
16107900
110
273500
15333500
15607000
111
281700
14828400
15110100
112
289900
14325100
14615000
113
298100
13823500
14121600
114
306300
13325200
13631500
115
314500
12829200
13143700
116
329100
12339700
12668800
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.