This page reflects SNX 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 — SNX
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $185.00 (45.68 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$185.00
Nearest expiry
Expected Move
±$15.90
±6.9%
Days to Expiry
29
Calendar days
Total Call OI
987
Nearest expiry
Total Put OI
848
Nearest expiry
P/C OI Ratio
0.86
Put-heavy
Spot Price
$230.68
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
$195.00
4/17/2026, 11:29:01 PM
2026-05-15
$195.00
5/15/2026, 11:37:26 PM
2026-06-18NextUpdated
$185.00
5/20/2026, 11:31:03 PM
2026-07-17
$185.00
5/20/2026, 11:31:03 PM
2026-09-18
$170.00
5/20/2026, 11:31:03 PM
2026-10-16
$240.00
5/20/2026, 11:31:03 PM
2026-12-18
$220.00
5/20/2026, 11:31:03 PM
Selected expiration: 2026-06-18 at max pain $185.00.
SNX pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
9096500
9096500
100
2000
7400500
7402500
110
3000
6554500
6557500
120
4000
5709500
5713500
125
4500
5300000
5304500
130
5000
4903000
4908000
135
15500
4507500
4523000
140
29000
4118000
4147000
145
44500
3728500
3773000
150
60000
3339000
3399000
155
75500
2950000
3025500
160
91000
2561000
2652000
165
117000
2172000
2289000
170
172000
1783500
1955500
175
250000
1399000
1649000
180
328000
1018000
1346000
185
507500
647500
1155000
190
687000
538500
1225500
195
870500
437500
1308000
200
1059000
356000
1415000
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.