Bank Nova Scotia Halifax Pfd 3Close $90.13EOD only
Max Pain
$85.00
Next expiry Aug 21, 2026
Expected Move
±$1.38
1.5% from close
Price Gap
-5.13
Distance to max pain
IV Rank
21
Low premium
P/C OI
0.68
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects BNS 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 — BNS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $85.00 (5.13 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$1.38
±1.5%
Days to Expiry
3
Calendar days
Total Call OI
2,041
Nearest expiry
Total Put OI
789
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$90.13
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
$77.50
6/18/2026, 11:06:15 PM
2026-07-17
$87.50
7/17/2026, 11:07:13 PM
2026-08-21NextUpdated
$85.00
8/18/2026, 11:07:10 PM
2026-09-18
$85.00
8/18/2026, 11:07:10 PM
2026-10-16
$80.00
8/18/2026, 11:07:10 PM
2026-11-20
$72.50
8/18/2026, 11:07:10 PM
2026-12-18
$80.00
8/18/2026, 11:07:10 PM
2027-03-19
$75.00
8/18/2026, 11:07:10 PM
Selected expiration: 2026-08-21 at max pain $85.00.
BNS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
1288250
1288250
72.5
0
1092500
1092500
75
0
899250
899250
77.5
0
708000
708000
80
0
518750
518750
82.5
9500
339250
348750
85
22000
167000
189000
87.5
344750
46250
391000
90
722500
6000
728500
92.5
1183500
3000
1186500
95
1683500
2000
1685500
97.5
2186000
1000
2187000
100
2688500
500
2689000
105
3709000
0
3709000
120
6770500
0
6770500
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.