This page reflects ARCB 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 — ARCB
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $150.00 (11.19 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$150.00
Nearest expiry
Expected Move
±$6.20
±4.5%
Days to Expiry
3
Calendar days
Total Call OI
424
Nearest expiry
Total Put OI
563
Nearest expiry
P/C OI Ratio
1.33
Put-heavy
Spot Price
$138.81
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
$80.00
6/18/2026, 11:05:02 PM
2026-07-17
$155.00
7/17/2026, 11:04:43 PM
2026-08-21NextUpdated
$150.00
8/18/2026, 11:03:24 PM
2026-09-18
$135.00
8/18/2026, 11:03:24 PM
2026-12-18
$135.00
8/18/2026, 11:03:24 PM
2027-03-19
$80.00
8/18/2026, 11:03:24 PM
Selected expiration: 2026-08-21 at max pain $150.00.
ARCB pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
1819500
1819500
115
2000
693500
695500
120
2500
525000
527500
125
3000
372500
375500
130
4500
299000
303500
135
6000
227000
233000
140
7500
157500
165000
145
10500
91000
101500
150
19000
28000
47000
155
127500
1000
128500
160
239000
500
239500
165
358500
0
358500
170
488000
0
488000
175
626500
0
626500
180
836500
0
836500
190
1258500
0
1258500
195
1470000
0
1470000
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.