STARWOOD PROPERTY TRUST, INC. SClose $16.24EOD only
Max Pain
$16.00
Next expiry Aug 21, 2026
Expected Move
±$0.35
2.2% from close
Price Gap
-0.24
Distance to max pain
IV Rank
12
Low premium
P/C OI
1.89
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 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
Aug 18, 2026 close
Max Pain — STWD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $16.00 (0.24 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.00
Nearest expiry
Expected Move
±$0.35
±2.2%
Days to Expiry
3
Calendar days
Total Call OI
2,862
Nearest expiry
Total Put OI
1,789
Nearest expiry
P/C OI Ratio
0.63
Put-heavy
Spot Price
$16.24
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
$17.00
6/18/2026, 11:38:59 PM
2026-07-17
$17.00
7/17/2026, 11:36:11 PM
2026-08-21NextUpdated
$16.00
8/18/2026, 11:32:14 PM
2026-09-18
$17.00
8/18/2026, 11:32:14 PM
2026-12-18
$17.00
8/18/2026, 11:32:14 PM
2027-01-15
$18.00
8/18/2026, 11:32:14 PM
2027-03-19
$16.00
8/18/2026, 11:32:14 PM
Selected expiration: 2026-08-21 at max pain $16.00.
STWD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
9
0
1218800
1218800
11
1000
861000
862000
12
1600
682100
683700
13
2500
503200
505700
14
3600
324300
327900
15
5100
146800
151900
16
11600
10300
21900
17
56200
0
56200
18
298000
0
298000
19
582900
0
582900
23
1725700
0
1725700
24
2011600
0
2011600
25
2297600
0
2297600
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.