Nearest listed expiration 2026-09-18 shows max pain at $1500.00 (30.90 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$1500.00
Nearest expiry
Expected Move
±$80.40
±5.3%
Days to Expiry
3
Calendar days
Total Call OI
84,318
Nearest expiry
Total Put OI
97,443
Nearest expiry
P/C OI Ratio
1.16
Put-heavy
Spot Price
$1530.90
Published close
Consensus
6.0/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-09-18
Expiration
Max Pain Strike
Last Updated
2026-09-04
$1500.00
9/2/2026, 11:39:54 PM
2026-09-11
$1525.00
9/2/2026, 11:39:54 PM
2026-09-18NextUpdated
$1500.00
9/15/2026, 11:32:32 PM
2026-09-25
$1595.00
9/15/2026, 11:32:32 PM
2026-10-02
$1590.00
9/15/2026, 11:32:32 PM
2026-10-09
$1630.00
9/15/2026, 11:32:32 PM
2026-10-16
$1600.00
9/15/2026, 11:32:32 PM
2026-10-23
$1700.00
9/15/2026, 11:32:32 PM
2026-10-30
$1600.00
9/15/2026, 11:32:32 PM
2026-11-20
$1500.00
9/15/2026, 11:32:32 PM
2026-12-18
$1090.00
9/15/2026, 11:32:32 PM
2027-01-15
$1000.00
9/15/2026, 11:32:32 PM
2027-02-19
$1520.00
9/15/2026, 11:32:32 PM
2027-03-19
$1920.00
9/15/2026, 11:32:32 PM
2027-06-17
$1050.00
9/15/2026, 11:32:32 PM
Selected expiration: 2026-09-18 at max pain $1500.00.
SNDK pain by strike for 2026-09-18 expiration
Strike
Call Pain
Put Pain
Total Pain
200
0
9109490000
9109490000
210
201000
9012499000
9012700000
220
414000
8915773000
8916187000
230
628000
8819172000
8819800000
240
842000
8722745000
8723587000
250
1058000
8626453000
8627511000
260
1274000
8530467000
8531741000
270
1492000
8434817000
8436309000
280
1715000
8339254000
8340969000
290
1964000
8243835000
8245799000
300
2216000
8148497000
8150713000
310
2487000
8053431000
8055918000
320
2768000
7958968000
7961736000
330
3054000
7864630000
7867684000
340
3349000
7770437000
7773786000
350
3649000
7676344000
7679993000
360
3951000
7582431000
7586382000
370
4255000
7488892000
7493147000
380
4562000
7395468000
7400030000
390
4874000
7302200000
7307074000
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.