This page reflects ZTS 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 — ZTS
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $80.00 (0.29 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$6.65
±8.3%
Days to Expiry
29
Calendar days
Total Call OI
15,347
Nearest expiry
Total Put OI
13,537
Nearest expiry
P/C OI Ratio
0.88
Put-heavy
Spot Price
$79.71
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
$120.00
4/17/2026, 11:34:44 PM
2026-05-15
$85.00
5/15/2026, 11:48:31 PM
2026-06-18NextUpdated
$80.00
5/20/2026, 11:41:37 PM
2026-07-17
$80.00
5/20/2026, 11:41:37 PM
2026-09-18
$80.00
5/20/2026, 11:41:37 PM
2026-10-16
$85.00
5/20/2026, 11:41:37 PM
2026-12-18
$100.00
5/20/2026, 11:41:37 PM
2027-01-15
$85.00
5/20/2026, 11:41:37 PM
2027-03-19
$80.00
5/20/2026, 11:41:37 PM
Selected expiration: 2026-06-18 at max pain $80.00.
ZTS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
41673000
41673000
60
0
21373500
21373500
65
5500
16479000
16484500
70
37500
11803500
11841000
75
119500
7873500
7993000
80
505000
5445000
5950000
85
2807500
3841500
6649000
90
6204500
2834000
9038500
95
10768500
1932000
12700500
100
15929500
1112000
17041500
105
21774000
441500
22215500
110
27686000
284500
27970500
115
33625500
198500
33824000
120
39732000
142000
39874000
125
46036000
96000
46132000
130
52565000
76500
52641500
135
59306000
60500
59366500
140
66308500
45500
66354000
145
73420500
32500
73453000
150
80607500
23000
80630500
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.