This page reflects SNY 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 — SNY
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $45.00 (0.33 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$2.25
±5.0%
Days to Expiry
29
Calendar days
Total Call OI
10,061
Nearest expiry
Total Put OI
7,084
Nearest expiry
P/C OI Ratio
0.70
Put-heavy
Spot Price
$44.67
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
$45.00
4/17/2026, 11:26:04 PM
2026-05-15
$45.00
5/15/2026, 11:35:01 PM
2026-06-18NextUpdated
$45.00
5/20/2026, 11:32:22 PM
2026-07-17
$42.50
5/20/2026, 11:32:22 PM
2026-09-18
$47.50
5/20/2026, 11:32:22 PM
2026-12-18
$47.50
5/20/2026, 11:32:22 PM
2027-01-15
$45.00
5/20/2026, 11:32:22 PM
Selected expiration: 2026-06-18 at max pain $45.00.
SNY pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
14340500
14340500
27.5
2500
12580250
12582750
30
5000
10821750
10826750
32.5
8750
9069250
9078000
35
12500
7335750
7348250
37.5
16500
5635750
5652250
40
20750
4030750
4051500
42.5
75000
2525750
2600750
45
230500
1442000
1672500
47.5
787750
1010000
1797750
50
1659500
833000
2492500
52.5
2995750
660250
3656000
55
4486250
487500
4973750
57.5
6039250
314750
6354000
60
8385000
196000
8581000
65
13328000
0
13328000
70
18333500
0
18333500
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.