This page reflects SNY options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — SNY
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $45.00 (0.03 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
±$0.97
±2.2%
Days to Expiry
3
Calendar days
Total Call OI
12,530
Nearest expiry
Total Put OI
6,859
Nearest expiry
P/C OI Ratio
0.55
Put-heavy
Spot Price
$44.97
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$45.00
6/18/2026, 11:37:26 PM
2026-07-17
$42.50
7/17/2026, 11:31:40 PM
2026-08-21NextUpdated
$45.00
8/18/2026, 11:39:20 PM
2026-09-18
$45.00
8/18/2026, 11:39:20 PM
2026-12-18
$45.00
8/18/2026, 11:39:20 PM
2027-01-15
$45.00
8/18/2026, 11:39:20 PM
2027-03-19
$45.00
8/18/2026, 11:39:20 PM
2027-06-17
$47.50
8/18/2026, 11:39:20 PM
Selected expiration: 2026-08-21 at max pain $45.00.
SNY pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
27.5
0
10162750
10162750
30
0
8448250
8448250
32.5
1250
6734000
6735250
35
3000
5020250
5023250
37.5
5000
3308000
3313000
40
10250
1628500
1638750
42.5
27500
707250
734750
45
268000
250
268250
47.5
2065000
0
2065000
50
4442250
0
4442250
52.5
7563250
0
7563250
55
10695500
0
10695500
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.