This page reflects SLG 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 — SLG
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $42.50 (1.04 above 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
±$4.45
±10.7%
Days to Expiry
29
Calendar days
Total Call OI
1,700
Nearest expiry
Total Put OI
1,648
Nearest expiry
P/C OI Ratio
0.97
Put-heavy
Spot Price
$41.46
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
5/20/2026, 11:26:24 PM
2026-07-17
$40.00
5/20/2026, 11:26:24 PM
2026-08-21
$45.00
5/20/2026, 11:26:24 PM
2026-09-18
$42.50
5/20/2026, 11:26:24 PM
2026-11-20
$40.00
5/20/2026, 11:26:24 PM
2026-12-18
$65.00
5/20/2026, 11:26:24 PM
2027-01-15
$50.00
5/20/2026, 11:26:24 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
2591000
2591000
25
0
2179250
2179250
27.5
0
1768500
1768500
30
0
1358250
1358250
32.5
0
949000
949000
35
0
548000
548000
37.5
0
254250
254250
40
250
40250
40500
42.5
5250
10000
15250
45
71250
3250
74500
47.5
203500
1000
204500
50
496250
0
496250
55
1248750
0
1248750
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.