This page reflects ADSE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 17, 2026 close
Max Pain — ADSE
Data as of market close Aug 17, 2026
Nearest listed expiration 2026-08-21 shows max pain at $12.50 (0.50 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.50
Nearest expiry
Expected Move
±$1.97
±16.5%
Days to Expiry
4
Calendar days
Total Call OI
42
Nearest expiry
Total Put OI
744
Nearest expiry
P/C OI Ratio
17.71
Put-heavy
Spot Price
$12.00
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
$17.50
6/18/2026, 11:02:15 PM
2026-07-17
$12.50
7/17/2026, 11:03:01 PM
2026-08-21NextUpdated
$12.50
8/17/2026, 11:02:43 PM
2026-11-20
$12.50
8/17/2026, 11:02:43 PM
Selected expiration: 2026-08-21 at max pain $12.50.
ADSE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
53500
53500
5
0
40000
40000
7.5
0
28250
28250
10
0
16500
16500
12.5
0
8250
8250
15
10250
2750
13000
17.5
20750
250
21000
20
31250
0
31250
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.