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 Sun Communities options about one week from expiration was $115.43. The chart above shows the exact max pain for each expiration date.

Sun Communities closed above its near-term max pain on 9 of the last 20 trading days. On Nov 4, 2026 it closed at $121.25, 5.0% above max pain of $115.43.

Over the last 20 trading days, near-term max pain for Sun Communities ranged from $114.00 to $121.05. It went from $115.00 on Oct 8, 2026 to $115.43 on Nov 4, 2026. See the SUI max pain history for a longer view.

Sun Communities is a residential REIT that focuses on owning manufactured housing and recreational vehicle communities.