The Cheesecake Factory IncorporClose $106.36EOD only
Max Pain
$110.00
Next expiry Aug 21, 2026
Expected Move
±$3.37
3.2% from close
Price Gap
+3.64
Distance to max pain
IV Rank
17
Low premium
P/C OI
2.06
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects CAKE 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 — CAKE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $110.00 (3.64 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$110.00
Nearest expiry
Expected Move
±$3.37
±3.2%
Days to Expiry
3
Calendar days
Total Call OI
2,986
Nearest expiry
Total Put OI
10,691
Nearest expiry
P/C OI Ratio
3.58
Put-heavy
Spot Price
$106.36
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
$70.00
6/18/2026, 11:08:09 PM
2026-07-17
$75.00
7/17/2026, 11:04:18 PM
2026-08-21NextUpdated
$110.00
8/18/2026, 11:07:29 PM
2026-09-18
$110.00
8/18/2026, 11:07:29 PM
2026-10-16
$105.00
8/18/2026, 11:07:29 PM
2027-01-15
$80.00
8/18/2026, 11:07:29 PM
2027-02-19
$115.00
8/18/2026, 11:07:29 PM
2027-05-21
$110.00
8/18/2026, 11:07:29 PM
Selected expiration: 2026-08-21 at max pain $110.00.
CAKE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
43926000
43926000
60
0
38583000
38583000
65
0
33240500
33240500
67.5
0
30623500
30623500
70
0
28046000
28046000
72.5
0
25530750
25530750
75
0
23177000
23177000
77.5
4750
20874250
20879000
80
9500
18607000
18616500
82.5
16250
16436750
16453000
85
23000
14342500
14365500
87.5
32750
12319250
12352000
90
43250
10312000
10355250
92.5
59000
8370000
8429000
95
74750
6470500
6545250
97.5
104750
4641750
4746500
100
135000
2925000
3060000
105
269500
776000
1045500
110
736000
203500
939500
115
1819500
83000
1902500
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.