This page reflects SKYT 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 — SKYT
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $33.00 (2.13 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$33.00
Nearest expiry
Expected Move
±$1.48
±4.2%
Days to Expiry
2
Calendar days
Total Call OI
467
Nearest expiry
Total Put OI
184
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$35.13
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
$30.00
5/8/2026, 11:32:07 PM
2026-05-15
$32.50
5/15/2026, 11:37:14 PM
2026-05-22NextUpdated
$33.00
5/20/2026, 11:32:49 PM
2026-05-29
$32.00
5/20/2026, 11:32:49 PM
2026-06-05
$32.00
5/20/2026, 11:32:49 PM
2026-06-12
$32.00
5/20/2026, 11:32:49 PM
2026-06-18
$31.00
5/20/2026, 11:32:49 PM
2026-06-26
$25.00
5/20/2026, 11:32:49 PM
2026-07-17
$28.00
5/20/2026, 11:32:49 PM
2026-10-16
$25.00
5/20/2026, 11:32:49 PM
2027-01-15
$10.00
5/20/2026, 11:32:49 PM
Selected expiration: 2026-05-22 at max pain $33.00.
SKYT pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
19
0
263150
263150
20
100
244750
244850
21
400
226350
226750
29
3600
79150
82750
30
4300
60750
65050
30.5
4750
51550
56300
31
5200
42400
47600
32
7600
24100
31700
32.5
8900
14950
23850
33
10200
5850
16050
33.5
12750
3600
16350
34
16800
1350
18150
34.5
21100
1000
22100
35
34750
800
35550
36
68750
600
69350
37
110850
400
111250
39
199050
0
199050
40
244150
0
244150
44
429750
0
429750
45
476250
0
476250
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.