This page reflects SWKS 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 — SWKS
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $67.50 (6.85 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$67.50
Nearest expiry
Expected Move
±$8.25
±11.1%
Days to Expiry
29
Calendar days
Total Call OI
18,202
Nearest expiry
Total Put OI
9,434
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$74.35
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
$55.00
4/17/2026, 11:28:38 PM
2026-05-15
$65.00
5/15/2026, 11:39:22 PM
2026-06-18NextUpdated
$67.50
5/20/2026, 11:33:41 PM
2026-07-17
$67.50
5/20/2026, 11:33:41 PM
2026-08-21
$70.00
5/20/2026, 11:33:41 PM
2026-09-18
$65.00
5/20/2026, 11:33:41 PM
2026-11-20
$65.00
5/20/2026, 11:33:41 PM
2026-12-18
$62.50
5/20/2026, 11:33:41 PM
2027-01-15
$72.50
5/20/2026, 11:33:41 PM
2027-03-19
$60.00
5/20/2026, 11:33:41 PM
Selected expiration: 2026-06-18 at max pain $67.50.
SWKS pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
27.5
0
27136250
27136250
30
500
24780250
24780750
32.5
1250
22424750
22426000
35
2250
20069250
20071500
37.5
3500
17722500
17726000
40
4750
15379250
15384000
42.5
9500
13076750
13086250
45
14250
10821750
10836000
47.5
22000
8763500
8785500
50
30750
6787000
6817750
52.5
47500
5283500
5331000
55
70500
3963750
4034250
57.5
120000
2888250
3008250
60
210250
2050750
2261000
62.5
340000
1457750
1797750
65
501500
949000
1450500
67.5
846000
493250
1339250
70
1351000
255250
1606250
72.5
2033750
174750
2208500
75
2907750
109250
3017000
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.