This page reflects SWK 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 — SWK
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $90.00 (8.40 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$2.85
±2.9%
Days to Expiry
3
Calendar days
Total Call OI
3,825
Nearest expiry
Total Put OI
4,990
Nearest expiry
P/C OI Ratio
1.30
Put-heavy
Spot Price
$98.40
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
$75.00
6/18/2026, 11:33:35 PM
2026-07-17
$75.00
7/17/2026, 11:36:46 PM
2026-08-21NextUpdated
$90.00
8/18/2026, 11:39:57 PM
2026-09-18
$100.00
8/18/2026, 11:39:57 PM
2026-10-16
$90.00
8/18/2026, 11:39:57 PM
2027-01-15
$75.00
8/18/2026, 11:39:57 PM
2027-02-19
$75.00
8/18/2026, 11:39:57 PM
2027-05-21
$80.00
8/18/2026, 11:39:57 PM
Selected expiration: 2026-08-21 at max pain $90.00.
SWK pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
47.5
0
19573000
19573000
55
0
15831250
15831250
60
0
13342750
13342750
65
500
10855250
10855750
70
1000
8410250
8411250
72.5
16750
7218000
7234750
75
33000
6071000
6104000
77.5
50500
4949500
5000000
80
70250
3842000
3912250
82.5
95250
2770000
2865250
85
125750
1723500
1849250
87.5
341750
1015000
1356750
90
575500
452000
1027500
92.5
1070000
289750
1359750
95
1596000
174750
1770750
97.5
2213000
108500
2321500
100
2845750
51500
2897250
105
4335250
0
4335250
110
5970250
0
5970250
115
7826750
0
7826750
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.