This page reflects SYK 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 — SYK
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $320.00 (1.49 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$320.00
Nearest expiry
Expected Move
±$20.95
±6.5%
Days to Expiry
29
Calendar days
Total Call OI
5,604
Nearest expiry
Total Put OI
3,151
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$321.49
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
$340.00
4/17/2026, 11:33:42 PM
2026-05-15
$310.00
5/15/2026, 11:40:30 PM
2026-06-18NextUpdated
$320.00
5/20/2026, 11:31:08 PM
2026-07-17
$300.00
5/20/2026, 11:31:08 PM
2026-09-18
$330.00
5/20/2026, 11:31:08 PM
2026-12-18
$330.00
5/20/2026, 11:31:08 PM
2027-01-15
$370.00
5/20/2026, 11:31:08 PM
2027-03-19
$300.00
5/20/2026, 11:31:08 PM
Selected expiration: 2026-06-18 at max pain $320.00.
SYK pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
175
0
41596000
41596000
180
0
40020500
40020500
185
0
38445500
38445500
190
0
36875000
36875000
195
0
35317000
35317000
210
1500
30643000
30644500
230
3500
24411000
24414500
240
4500
21301000
21305500
250
5500
18195000
18200500
260
13500
15155000
15168500
270
22500
12199000
12221500
280
37500
9572000
9609500
290
66500
7208000
7274500
300
213500
5079000
5292500
310
461500
3247000
3708500
320
1307500
2247000
3554500
330
2576500
1597000
4173500
340
4304500
1096000
5400500
350
6457500
640000
7097500
360
9040500
332000
9372500
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.