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 Stryker options about one week from expiration was $299.77. The chart above shows the exact max pain for each expiration date.

Stryker closed above its near-term max pain on 17 of the last 20 trading days. On Nov 4, 2026 it closed at $339.85, 13.4% above max pain of $299.77.

Over the last 20 trading days, near-term max pain for Stryker ranged from $279.95 to $299.77. It went from $279.95 on Oct 8, 2026 to $299.77 on Nov 4, 2026. See the SYK max pain history for a longer view.

Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implantable devices.