This page reflects SKYT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — SKYT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-10-16 shows max pain at $25.00 (7.46 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$3.90
±12.0%
Days to Expiry
59
Calendar days
Total Call OI
1,339
Nearest expiry
Total Put OI
25
Nearest expiry
P/C OI Ratio
0.02
Put-heavy
Spot Price
$32.46
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-07
$31.00
8/7/2026, 11:31:49 PM
2026-08-14
$30.00
8/14/2026, 11:37:07 PM
2026-08-21NextUpdated
$34.00
8/18/2026, 11:30:47 PM
2026-09-18
$27.00
8/18/2026, 11:30:47 PM
2026-10-16
$25.00
8/18/2026, 11:30:47 PM
2027-01-15
$17.00
8/18/2026, 11:30:47 PM
Selected expiration: 2026-10-16 at max pain $25.00.
SKYT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
19
0
23100
23100
20
600
20600
21200
21
1400
18100
19500
22
2200
15900
18100
23
3000
13700
16700
24
3800
11700
15500
25
4600
10000
14600
26
7800
8300
16100
27
11000
6600
17600
28
14200
4900
19100
29
17800
3200
21000
30
21500
1500
23000
31
25400
700
26100
32
29300
0
29300
33
33900
0
33900
34
41900
0
41900
35
54100
0
54100
36
69000
0
69000
37
84900
0
84900
40
137100
0
137100
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.