This page reflects ATEX 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 — ATEX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $30.00 (60.75 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$5.00
±5.5%
Days to Expiry
3
Calendar days
Total Call OI
5,414
Nearest expiry
Total Put OI
384
Nearest expiry
P/C OI Ratio
0.07
Put-heavy
Spot Price
$90.75
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
$55.00
6/18/2026, 11:04:51 PM
2026-07-17
$65.00
7/17/2026, 11:05:53 PM
2026-08-21NextUpdated
$30.00
8/18/2026, 11:04:53 PM
2026-09-18
$90.00
8/18/2026, 11:04:53 PM
2026-11-20
$65.00
8/18/2026, 11:04:53 PM
2027-01-15
$40.00
8/18/2026, 11:04:53 PM
2027-02-19
$110.00
8/18/2026, 11:04:53 PM
Selected expiration: 2026-08-21 at max pain $30.00.
ATEX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
12.5
0
2581000
2581000
15
0
2485000
2485000
17.5
2500
2389000
2391500
20
5000
2293000
2298000
22.5
14250
2198750
2213000
25
24500
2106000
2130500
30
56000
1927000
1983000
35
890000
1762500
2652500
40
1809000
1600500
3409500
45
2783500
1439500
4223000
50
3771500
1279500
5051000
55
4986000
1120000
6106000
60
6205000
961000
7166000
65
7790000
802500
8592500
70
9468500
650000
10118500
75
11366000
503500
11869500
80
13271500
371000
13642500
85
15227000
251500
15478500
90
17199500
185500
17385000
95
19213500
127500
19341000
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.