This page reflects SYK 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 — SYK
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $330.00 (1.37 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$330.00
Nearest expiry
Expected Move
±$7.62
±2.3%
Days to Expiry
3
Calendar days
Total Call OI
5,404
Nearest expiry
Total Put OI
1,997
Nearest expiry
P/C OI Ratio
0.37
Put-heavy
Spot Price
$331.37
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
$310.00
6/18/2026, 11:34:04 PM
2026-07-17
$310.00
7/17/2026, 11:38:51 PM
2026-08-21NextUpdated
$330.00
8/18/2026, 11:35:22 PM
2026-09-18
$330.00
8/18/2026, 11:35:22 PM
2026-12-18
$330.00
8/18/2026, 11:35:22 PM
2027-01-15
$360.00
8/18/2026, 11:35:22 PM
2027-03-19
$330.00
8/18/2026, 11:35:22 PM
2027-06-17
$350.00
8/18/2026, 11:35:22 PM
Selected expiration: 2026-08-21 at max pain $330.00.
SYK pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
185
0
24054500
24054500
195
0
22059500
22059500
200
500
21062000
21062500
210
13500
19067000
19080500
220
27500
17072000
17099500
240
57500
13082000
13139500
250
72500
11089000
11161500
260
87500
9147000
9234500
270
102500
7221000
7323500
280
118500
5342000
5460500
290
144500
3852000
3996500
300
174500
2638000
2812500
310
273500
1693000
1966500
320
404500
933000
1337500
330
741500
517000
1258500
340
2018500
225000
2243500
350
4166500
4000
4170500
360
6909500
0
6909500
370
11027500
0
11027500
380
15311500
0
15311500
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.