Nearest listed expiration 2026-05-22 shows max pain at $1330.00 (53.29 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$1330.00
Nearest expiry
Expected Move
±$124.55
±9.0%
Days to Expiry
3
Calendar days
Total Call OI
49,961
Nearest expiry
Total Put OI
75,199
Nearest expiry
P/C OI Ratio
1.51
Put-heavy
Spot Price
$1383.29
Published close
Consensus
7.0/10
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
$1250.00
5/8/2026, 11:32:03 PM
2026-05-15
$1250.00
5/15/2026, 11:45:38 PM
2026-05-22NextUpdated
$1330.00
5/19/2026, 11:34:32 PM
2026-05-29
$1300.00
5/19/2026, 11:34:32 PM
2026-06-05
$1300.00
5/19/2026, 11:34:32 PM
2026-06-12
$1365.00
5/19/2026, 11:34:32 PM
2026-06-18
$920.00
5/19/2026, 11:34:32 PM
2026-06-26
$1395.00
5/19/2026, 11:34:32 PM
2026-07-17
$1070.00
5/19/2026, 11:34:32 PM
2026-08-21
$1040.00
5/19/2026, 11:34:32 PM
2026-09-18
$900.00
5/19/2026, 11:34:32 PM
2026-11-20
$1220.00
5/19/2026, 11:34:32 PM
2026-12-18
$620.00
5/19/2026, 11:34:32 PM
2027-01-15
$700.00
5/19/2026, 11:34:32 PM
2027-02-19
$1200.00
5/19/2026, 11:34:32 PM
2027-03-19
$1960.00
5/19/2026, 11:34:32 PM
Selected expiration: 2026-05-22 at max pain $1330.00.
SNDK pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
325
0
5277106500
5277106500
330
1000
5239609500
5239610500
335
3000
5202170500
5202173500
340
6000
5164746000
5164752000
345
9000
5127336000
5127345000
350
15000
5089938000
5089953000
355
22500
5052548000
5052570500
360
30500
5015165000
5015195500
365
40000
4977785500
4977825500
370
50000
4940412500
4940462500
375
61500
4903042500
4903104000
380
74500
4865678000
4865752500
385
87500
4828313500
4828401000
390
100500
4790954500
4791055000
400
127500
4716367500
4716495000
405
142000
4679105500
4679247500
410
156500
4641923500
4642080000
415
171000
4604767500
4604938500
420
185500
4567611500
4567797000
425
200000
4530460500
4530660500
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.