thetaOwl
HomeOptionsADBEMax Pain

ADBE

Adobe Inc.Close $263.14EOD only
Max Pain
$240.00
Next expiry Aug 21, 2026
Expected Move
±$8.97
3.4% from close
Price Gap
-23.14
Distance to max pain
IV Rank
44
Middle-high premium
P/C OI
0.65
Slightly call-heavy
Consensus
4/4
Partial coverage
Published snapshot: Aug 18, 2026 close
End-of-day snapshot

This page reflects ADBE 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 — ADBE
Data as of market close Aug 18, 2026
Open Available Reports (4/4)

Nearest listed expiration 2026-08-21 shows max pain at $240.00 (23.14 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$240.00
Nearest expiry
Expected Move
±$8.97
±3.4%
Days to Expiry
3
Calendar days
Total Call OI
78,379
Nearest expiry
Total Put OI
35,915
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$263.14
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-08-21
ExpirationMax Pain StrikeLast Updated
2026-08-07$245.008/7/2026, 11:01:52 PM
2026-08-14$260.008/14/2026, 11:02:07 PM
2026-08-21NextUpdated$240.008/18/2026, 11:02:02 PM
2026-08-28$245.008/18/2026, 11:02:02 PM
2026-09-04$255.008/18/2026, 11:02:02 PM
2026-09-11$265.008/18/2026, 11:02:02 PM
2026-09-18$250.008/18/2026, 11:02:02 PM
2026-09-25$260.008/18/2026, 11:02:02 PM
2026-10-02$270.008/18/2026, 11:02:02 PM
2026-10-16$240.008/18/2026, 11:02:02 PM
2026-11-20$250.008/18/2026, 11:02:02 PM
2026-12-18$230.008/18/2026, 11:02:02 PM
2027-01-15$270.008/18/2026, 11:02:02 PM
2027-02-19$240.008/18/2026, 11:02:02 PM
2027-03-19$240.008/18/2026, 11:02:02 PM
2027-06-17$260.008/18/2026, 11:02:02 PM
Selected expiration: 2026-08-21 at max pain $240.00.
ADBE pain by strike for 2026-08-21 expiration
StrikeCall PainPut PainTotal Pain
1050380027500380027500
11015500362004500362020000
11564500344012000344076500
120135500326068000326203500
125215000308158000308373000
130306000290264000290570000
135443500272711000273154500
140623500255750500256374000
145903500239366000240269500
1501234500223415000224649500
1551611500207869500209481000
1602033000192801000194834000
1652510500178035500180546000
1703040000163515000166555000
1753602000149366500152968500
1804201000135443500139644500
1854891500122261000127152500
1905623500109463500115087000
195645050097106000103556500
20074230008549000092913000
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.