This page reflects SKY 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 — SKY
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $65.00 (4.75 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$9.40
±13.5%
Days to Expiry
29
Calendar days
Total Call OI
1,631
Nearest expiry
Total Put OI
124
Nearest expiry
P/C OI Ratio
0.08
Put-heavy
Spot Price
$69.75
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
$80.00
4/17/2026, 11:26:20 PM
2026-05-15
$90.00
5/15/2026, 11:30:59 PM
2026-06-18NextUpdated
$65.00
5/20/2026, 11:32:09 PM
2026-07-17
$75.00
5/20/2026, 11:32:09 PM
2026-08-21
$75.00
5/20/2026, 11:32:09 PM
2026-11-20
$55.00
5/20/2026, 11:32:09 PM
Selected expiration: 2026-06-18 at max pain $65.00.
SKY pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
435000
435000
45
0
373500
373500
50
0
312500
312500
55
0
253000
253000
60
0
194000
194000
65
1000
137500
138500
70
147000
91000
238000
75
317500
61000
378500
80
668000
33500
701500
85
1122500
15000
1137500
90
1592500
3500
1596000
95
2251000
2000
2253000
100
2931000
1000
2932000
105
3712500
0
3712500
110
4514500
0
4514500
115
5317000
0
5317000
130
7729000
0
7729000
140
9359000
0
9359000
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.