This page reflects SLG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 21, 2026 close
Max Pain — SLG
Data as of market close May 21, 2026
Nearest listed expiration 2026-06-18 shows max pain at $42.50 (0.03 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.50
Nearest expiry
Expected Move
±$4.33
±10.2%
Days to Expiry
28
Calendar days
Total Call OI
1,742
Nearest expiry
Total Put OI
1,708
Nearest expiry
P/C OI Ratio
0.98
Put-heavy
Spot Price
$42.53
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
$37.50
4/17/2026, 11:27:27 PM
2026-05-15
$42.50
5/15/2026, 11:36:46 PM
2026-06-18NextUpdated
$42.50
5/21/2026, 11:30:51 PM
2026-07-17
$40.00
5/21/2026, 11:30:51 PM
2026-08-21
$45.00
5/21/2026, 11:30:51 PM
2026-09-18
$42.50
5/21/2026, 11:30:51 PM
2026-11-20
$40.00
5/21/2026, 11:30:51 PM
2026-12-18
$65.00
5/21/2026, 11:30:51 PM
2027-01-15
$50.00
5/21/2026, 11:30:51 PM
Selected expiration: 2026-06-18 at max pain $42.50.
SLG pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
2667000
2667000
25
0
2240250
2240250
27.5
0
1814500
1814500
30
0
1389250
1389250
32.5
0
973750
973750
35
0
566500
566500
37.5
0
266500
266500
40
250
47500
47750
42.5
5500
11500
17000
45
73500
4250
77750
47.5
211500
1500
213000
50
511750
0
511750
55
1285250
0
1285250
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.