STARWOOD PROPERTY TRUST, INC. SClose $17.14EOD only
Max Pain
$18.00
Next expiry Jun 18, 2026
Expected Move
±$0.73
4.2% from close
Price Gap
+0.86
Distance to max pain
IV Rank
25
Low premium
P/C OI
2.62
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects STWD 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 — STWD
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $18.00 (0.86 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$0.73
±4.2%
Days to Expiry
29
Calendar days
Total Call OI
9,437
Nearest expiry
Total Put OI
13,231
Nearest expiry
P/C OI Ratio
1.40
Put-heavy
Spot Price
$17.14
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
$18.00
4/17/2026, 11:26:52 PM
2026-05-15
$17.00
5/15/2026, 11:38:50 PM
2026-06-18NextUpdated
$18.00
5/20/2026, 11:29:51 PM
2026-07-17
$17.00
5/20/2026, 11:29:51 PM
2026-09-18
$18.00
5/20/2026, 11:29:51 PM
2026-12-18
$17.00
5/20/2026, 11:29:51 PM
2027-01-15
$18.00
5/20/2026, 11:29:51 PM
Selected expiration: 2026-06-18 at max pain $18.00.
STWD pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
6880900
6880900
11
0
5558000
5558000
12
0
4235200
4235200
13
0
2912500
2912500
14
0
2204200
2204200
15
0
1512100
1512100
16
3000
833500
836500
17
18200
228000
246200
18
226300
1100
227400
19
733100
0
733100
20
1515300
0
1515300
21
2365500
0
2365500
22
3304300
0
3304300
35
15571100
0
15571100
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.