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ANET

Arista Networks, Inc.Close $193.18EOD only
Max Pain
$175.00
Next expiry Aug 21, 2026
Expected Move
±$7.83
4.0% from close
Price Gap
-18.18
Distance to max pain
IV Rank
18
Low premium
P/C OI
0.83
Slightly call-heavy
Consensus
4/4
Partial coverage
Published snapshot: Aug 18, 2026 close
End-of-day snapshot

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

Nearest listed expiration 2026-08-21 shows max pain at $175.00 (18.18 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$175.00
Nearest expiry
Expected Move
±$7.83
±4.0%
Days to Expiry
3
Calendar days
Total Call OI
34,216
Nearest expiry
Total Put OI
26,099
Nearest expiry
P/C OI Ratio
0.76
Put-heavy
Spot Price
$193.18
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$180.008/7/2026, 11:03:13 PM
2026-08-14$195.008/14/2026, 11:02:57 PM
2026-08-21NextUpdated$175.008/18/2026, 11:02:52 PM
2026-08-28$190.008/18/2026, 11:02:52 PM
2026-09-04$190.008/18/2026, 11:02:52 PM
2026-09-11$195.008/18/2026, 11:02:52 PM
2026-09-18$160.008/18/2026, 11:02:52 PM
2026-09-25$190.008/18/2026, 11:02:52 PM
2026-10-02$170.008/18/2026, 11:02:52 PM
2026-10-16$180.008/18/2026, 11:02:52 PM
2026-11-20$170.008/18/2026, 11:02:52 PM
2026-12-18$150.008/18/2026, 11:02:52 PM
2027-01-15$125.008/18/2026, 11:02:52 PM
2027-03-19$155.008/18/2026, 11:02:52 PM
2027-06-17$160.008/18/2026, 11:02:52 PM
Selected expiration: 2026-08-21 at max pain $175.00.
ANET pain by strike for 2026-08-21 expiration
StrikeCall PainPut PainTotal Pain
650228839000228839000
7015000215871500215886500
7537000202907500202944500
8068500189969500190038000
85111500177049500177161000
90226500164210500164437000
95348000151515000151863000
100514500139026500139541000
105710000126911000127621000
110922500114900000115822500
1151152000103355500104507500
12014085009205650093465000
12517315008122650082958000
13021710007145450073625500
13526765006207550064752000
14032970005309950056396500
14541715004513500049306500
15052275003772900042956500
152.559635003452025040483750
15567010003132175038022750
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.