This page reflects CECO 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 — CECO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (6.55 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$5.22
±6.8%
Days to Expiry
3
Calendar days
Total Call OI
3,683
Nearest expiry
Total Put OI
2,186
Nearest expiry
P/C OI Ratio
0.59
Put-heavy
Spot Price
$76.55
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
$95.00
6/18/2026, 11:08:54 PM
2026-07-17
$80.00
7/17/2026, 11:04:25 PM
2026-08-21NextUpdated
$70.00
8/18/2026, 11:07:53 PM
2026-09-18
$75.00
8/18/2026, 11:07:53 PM
2026-11-20
$80.00
8/18/2026, 11:07:53 PM
2026-12-18
$70.00
8/18/2026, 11:07:53 PM
2027-01-15
$70.00
8/18/2026, 11:07:53 PM
2027-02-19
$65.00
8/18/2026, 11:07:53 PM
2027-03-19
$60.00
8/18/2026, 11:07:53 PM
2027-06-17
$50.00
8/18/2026, 11:07:53 PM
Selected expiration: 2026-08-21 at max pain $70.00.
CECO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
8557000
8557000
35
0
7472500
7472500
40
4000
6388000
6392000
45
13500
5306000
5319500
50
23000
4227000
4250000
55
32500
3155000
3187500
60
51500
2100500
2152000
65
940500
1141500
2082000
70
1861000
212500
2073500
75
2898000
138000
3036000
80
3961000
88000
4049000
85
5142000
51000
5193000
90
6424000
19500
6443500
95
7788500
0
7788500
100
9203000
0
9203000
105
10633000
0
10633000
110
12069500
0
12069500
115
13517500
0
13517500
120
14968500
0
14968500
125
16420000
0
16420000
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.