Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Knight-Swift Transportation options about one week from expiration was $59.46. The chart above shows the exact max pain for each expiration date.

Knight-Swift Transportation closed above its near-term max pain on 19 of the last 20 trading days. On Nov 4, 2026 it closed at $62.37, 4.9% above max pain of $59.46.

Over the last 20 trading days, near-term max pain for Knight-Swift Transportation ranged from $58.57 to $63.68. It went from $59.94 on Oct 8, 2026 to $59.46 on Nov 4, 2026. See the KNX max pain history for a longer view.

Knight-Swift Transportation is the largest full-truckload carrier in the US, with a diversified transportation offering.