This page reflects ACGL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — ACGL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $100.00 (1.09 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$2.12
±2.1%
Days to Expiry
3
Calendar days
Total Call OI
1,257
Nearest expiry
Total Put OI
576
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$98.91
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$85.00
6/18/2026, 11:01:24 PM
2026-07-17
$95.00
7/17/2026, 11:01:09 PM
2026-08-21NextUpdated
$100.00
8/18/2026, 11:01:20 PM
2026-09-18
$95.00
8/18/2026, 11:01:20 PM
2026-11-20
$100.00
8/18/2026, 11:01:20 PM
2026-12-18
$95.00
8/18/2026, 11:01:20 PM
2027-03-19
$95.00
8/18/2026, 11:01:20 PM
Selected expiration: 2026-08-21 at max pain $100.00.
ACGL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
2384000
2384000
75
0
946500
946500
80
2000
659000
661000
85
4000
375000
379000
90
8000
124500
132500
95
12500
43500
56000
100
54500
0
54500
105
171000
0
171000
110
550000
0
550000
115
1148500
0
1148500
120
1766000
0
1766000
125
2384500
0
2384500
130
3007500
0
3007500
135
3633000
0
3633000
140
4261500
0
4261500
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.