This page reflects AESI 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 — AESI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $12.50 (0.15 below 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
±$0.68
±5.3%
Days to Expiry
3
Calendar days
Total Call OI
2,150
Nearest expiry
Total Put OI
1,410
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$12.65
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
$12.50
6/18/2026, 11:01:49 PM
2026-07-17
$15.00
7/17/2026, 11:02:22 PM
2026-08-21NextUpdated
$12.50
8/18/2026, 11:02:05 PM
2026-09-18
$10.00
8/18/2026, 11:02:05 PM
2026-10-16
$12.50
8/18/2026, 11:02:05 PM
2026-12-18
$10.00
8/18/2026, 11:02:05 PM
2027-01-15
$15.00
8/18/2026, 11:02:05 PM
2027-04-16
$10.00
8/18/2026, 11:02:05 PM
Selected expiration: 2026-08-21 at max pain $12.50.
AESI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
1032000
1032000
7.5
1750
681250
683000
10
4250
331500
335750
12.5
48750
59000
107750
15
190250
31750
222000
17.5
421250
11250
432500
20
803750
1500
805250
22.5
1285000
500
1285500
25
1803750
0
1803750
27.5
2336250
0
2336250
30
2873750
0
2873750
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.