Free STX Max Pain - Seagate Technology Max Pain
Use free STX Max Pain to find the candidate strike with the lowest combined call and put intrinsic value for Seagate Technology at one selected expiration. Compare the full pain curve alongside business context that includes technology demand, product cycles, capital spending, and company guidance.
How to use the STX Max Pain tool
Confirm STX
STX 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.
2 free calculations remaining today • Sign up free
GEX Workspace
Multi-ticker dashboard with alerts
GEX Heatmap
Strike-level gamma by expiration
GEX Intraday PlayTape
Intraday gamma movement & replay
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
STX max pain in detail
Computed
Spot
$623.02
Max pain strike
$700
12.4% above spot
Expiration
2026-10-23
Lowest total pain by strike
| Strike | Call pain | Put pain | Total |
|---|---|---|---|
| $700 | $7.6M | $13.9M | $21.5M |
| $702.50 | $8.3M | $13.2M | $21.5M |
| $705 | $9.0M | $12.5M | $21.5M |
| $707.50 | $9.7M | $11.9M | $21.6M |
| $697.50 | $7.0M | $14.7M | $21.7M |
Reviewed by the QuantWheel research team. Computed from listed STX open interest for the expiration shown; a reference level, not a forecast. Read how we compute STX max pain.
Continue with STX options analysis
Max Pain is part of the paid GEX plan. Try the GEX tools on sample tickers first.
$1 for 7 days • Cancel anytime • 14-day money-back guarantee
Understanding STX Max Pain
The STX options chain represents Seagate Technology. Evaluate its open-interest distribution alongside business context that includes technology demand, product cycles, capital spending, and company guidance. Compare Max Pain across available expirations because the distribution can differ from one expiration to another.
For STX, 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 Seagate Technology will trade.
How the STX 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 STX Max Pain.
This calculation uses the selected options chain. It does not measure dealer inventory, intent, future order flow or the probability that STX will finish at the calculated strike.
Related STX options tools
Compare expiration pain with the STX GEX chart or review STX gamma by strike and expiration.
STX Max Pain FAQ
What is STX Max Pain?
STX Max Pain is the candidate expiration price where the combined intrinsic value of outstanding STX calls and puts is lowest for the selected expiration. It is a calculation based on open interest, not a prediction of where STX will trade.
How is STX Max Pain calculated?
For each candidate price, QuantWheel calculates call and put intrinsic value across the selected STX 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 STX expiration should I select?
Select the exact STX 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 STX Max Pain?
Compare the calculated strike with STX 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 STX Max Pain a price target?
No. STX Max Pain does not forecast price and does not prove that traders or market makers will move STX toward a particular strike. News, volatility, liquidity and positioning can outweigh any expiration-related pinning effect.
Is the STX Max Pain calculator free?
Yes. QuantWheel provides a limited number of free STX Max Pain calculations. The calculator shows how many free calculations remain before you run another expiration.