Free STT Max Pain - State Street Max Pain
Use free STT Max Pain to find the candidate strike with the lowest combined call and put intrinsic value for State Street at one selected expiration. Compare the full pain curve alongside business context that includes market levels, asset flows, fee rates, and investment activity.
How to use the STT Max Pain tool
Confirm STT
STT is already entered. Keep it or search another ticker.
Choose an expiration
Select the expiration you want the calculation to use.
Calculate Max Pain
Generate the result, then compare Max Pain with price and the full pain chart.
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What is Max Pain?
Max Pain is the strike price at which option sellers (market makers) would lose the least amount of money if the stock expired at that price. The theory suggests stocks tend to gravitate toward this price near expiration.
Chart Legend:
- Green bars: Call option pain per strike
- Red bars: Put option pain per strike
- Blue line: Max Pain strike
- Red line: Current underlying price
Key levels
STT max pain in detail
Computed
Spot
$169.23
Max pain strike
$180
6.4% above spot
Expiration
2026-10-16
Lowest total pain by strike
| Strike | Call pain | Put pain | Total |
|---|---|---|---|
| $180 | $727K | $662K | $1.4M |
| $185 | $1.2M | $323K | $1.5M |
| $175 | $390K | $1.2M | $1.6M |
| $190 | $1.7M | $104K | $1.8M |
| $170 | $194K | $1.8M | $2.0M |
Reviewed by the QuantWheel research team. Computed from listed STT open interest for the expiration shown; a reference level, not a forecast. Read how we compute STT max pain.
Continue with STT options analysis
Open the Max Pain workspace when you want to keep the calculation alongside your other options tools.
Understanding STT Max Pain
The STT options chain represents State Street. Evaluate its open-interest distribution alongside business context that includes market levels, asset flows, fee rates, and investment activity. Compare Max Pain across available expirations because the distribution can differ from one expiration to another.
For STT, the calculator tests each candidate strike against call and put open interest for the selected expiration. Review the full curve with the result. The calculation describes the selected chain and does not predict where State Street will trade.
How the STT Max Pain calculation works
QuantWheel tests each strike as a possible expiration price. It adds the intrinsic value of open calls and puts at that price, weighted by open interest and the contract multiplier. The strike with the lowest combined value is displayed as STT Max Pain.
This calculation uses the selected options chain. It does not measure dealer inventory, intent, future order flow or the probability that STT will finish at the calculated strike.
Related STT options tools
Compare expiration pain with STT gamma by strike and expiration.
STT Max Pain FAQ
What is STT Max Pain?
STT Max Pain is the candidate expiration price where the combined intrinsic value of outstanding STT calls and puts is lowest for the selected expiration. It is a calculation based on open interest, not a prediction of where STT will trade.
How is STT Max Pain calculated?
For each candidate price, QuantWheel calculates call and put intrinsic value across the selected STT options chain, multiplies each value by open interest and the 100-share contract multiplier, then adds the totals. The candidate price with the lowest combined total is the Max Pain strike.
Which STT expiration should I select?
Select the exact STT expiration you want to examine. Weekly and monthly expirations can have different open-interest distributions, so compare them separately instead of applying one result to every date.
How should I use STT Max Pain?
Compare the calculated strike with STT price and the full call and put pain chart for the same expiration. Use it as expiration context alongside liquidity, gamma exposure and your own risk plan rather than as a standalone trading signal.
Is STT Max Pain a price target?
No. STT Max Pain does not forecast price and does not prove that traders or market makers will move STT toward a particular strike. News, volatility, liquidity and positioning can outweigh any expiration-related pinning effect.
Is the STT Max Pain calculator free?
Yes. QuantWheel provides a limited number of free STT Max Pain calculations. The calculator shows how many free calculations remain before you run another expiration.