This page reflects SWK 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 — SWK
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $75.00 (0.02 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$6.80
±9.1%
Days to Expiry
29
Calendar days
Total Call OI
6,316
Nearest expiry
Total Put OI
4,835
Nearest expiry
P/C OI Ratio
0.77
Put-heavy
Spot Price
$74.98
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
$67.50
4/17/2026, 11:28:39 PM
2026-05-15
$70.00
5/15/2026, 11:39:13 PM
2026-06-18NextUpdated
$75.00
5/20/2026, 11:33:39 PM
2026-07-17
$72.50
5/20/2026, 11:33:39 PM
2026-10-16
$75.00
5/20/2026, 11:33:39 PM
2027-01-15
$70.00
5/20/2026, 11:33:39 PM
Selected expiration: 2026-06-18 at max pain $75.00.
SWK pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
32.5
0
16830750
16830750
35
0
15622500
15622500
37.5
0
14420000
14420000
40
0
13219500
13219500
42.5
0
12020500
12020500
45
250
10822500
10822750
47.5
500
9659250
9659750
50
750
8496000
8496750
55
1250
6472000
6473250
57.5
1500
5559750
5561250
60
15250
4697250
4712500
62.5
29000
3933000
3962000
65
53250
3204750
3258000
67.5
95000
2566250
2661250
70
144000
2011750
2155750
72.5
214500
1594500
1809000
75
313000
1211000
1524000
77.5
718500
915000
1633500
80
1192500
636750
1829250
82.5
1836000
448000
2284000
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.