This page reflects SKT 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 — SKT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $34.00 (1.63 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$34.00
Nearest expiry
Expected Move
±$1.67
±4.7%
Days to Expiry
29
Calendar days
Total Call OI
1,323
Nearest expiry
Total Put OI
469
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$35.63
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
$34.00
4/17/2026, 11:27:20 PM
2026-05-15
$35.00
5/15/2026, 11:37:23 PM
2026-06-18NextUpdated
$34.00
5/20/2026, 11:33:02 PM
2026-09-18
$33.00
5/20/2026, 11:33:02 PM
2026-12-18
$33.00
5/20/2026, 11:33:02 PM
Selected expiration: 2026-06-18 at max pain $34.00.
SKT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
435600
435600
24
0
248000
248000
25
0
218200
218200
26
0
189000
189000
27
0
160200
160200
28
0
131400
131400
29
0
107100
107100
30
0
83300
83300
31
1900
64500
66400
32
3800
46600
50400
33
6300
32800
39100
34
9700
20000
29700
35
41700
9800
51500
36
80100
5500
85600
37
182300
1800
184100
38
299400
700
300100
39
422700
0
422700
40
551300
0
551300
45
1212300
0
1212300
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.