ASE Technology Holding Co., LtdClose $36.41EOD only
Max Pain
$37.50
Next expiry Aug 21, 2026
Expected Move
±$2.33
6.4% from close
Price Gap
+1.09
Distance to max pain
IV Rank
23
Low premium
P/C OI
0.38
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects ASX 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 — ASX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $37.50 (1.09 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$37.50
Nearest expiry
Expected Move
±$2.33
±6.4%
Days to Expiry
3
Calendar days
Total Call OI
38,970
Nearest expiry
Total Put OI
7,154
Nearest expiry
P/C OI Ratio
0.18
Put-heavy
Spot Price
$36.41
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
$22.50
6/18/2026, 11:05:01 PM
2026-07-17
$40.00
7/17/2026, 11:05:17 PM
2026-08-21NextUpdated
$37.50
8/18/2026, 11:04:55 PM
2026-09-18
$35.00
8/18/2026, 11:04:55 PM
2026-12-18
$37.50
8/18/2026, 11:04:55 PM
2027-01-15
$35.00
8/18/2026, 11:04:55 PM
2027-03-19
$30.00
8/18/2026, 11:04:55 PM
Selected expiration: 2026-08-21 at max pain $37.50.
ASX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
9233500
9233500
22.5
17000
7539250
7556250
25
34000
5857500
5891500
27.5
51250
4291000
4342250
30
69000
2795750
2864750
32.5
93750
1536000
1629750
35
192500
686000
878500
37.5
497500
226000
723500
40
931250
67000
998250
42.5
1605500
19000
1624500
45
3993250
0
3993250
47.5
6814250
0
6814250
50
9787750
0
9787750
55
17368250
0
17368250
60
25248750
0
25248750
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.