This page reflects CELC 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 — CELC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $90.00 (3.24 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$4.30
±4.6%
Days to Expiry
3
Calendar days
Total Call OI
3,233
Nearest expiry
Total Put OI
5,804
Nearest expiry
P/C OI Ratio
1.80
Put-heavy
Spot Price
$93.24
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
$110.00
6/18/2026, 11:10:31 PM
2026-07-17
$95.00
7/17/2026, 11:08:06 PM
2026-08-21NextUpdated
$90.00
8/18/2026, 11:08:29 PM
2026-09-18
$130.00
8/18/2026, 11:08:29 PM
2026-10-16
$80.00
8/18/2026, 11:08:29 PM
2026-11-20
$95.00
8/18/2026, 11:08:29 PM
2026-12-18
$85.00
8/18/2026, 11:08:29 PM
2027-01-15
$80.00
8/18/2026, 11:08:29 PM
2027-03-19
$95.00
8/18/2026, 11:08:29 PM
Selected expiration: 2026-08-21 at max pain $90.00.
CELC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
21892500
21892500
50
0
18991500
18991500
55
500
16096000
16096500
60
1000
13201500
13202500
65
3500
10309500
10313000
70
6500
7644000
7650500
75
9500
5254500
5264000
80
17500
3347000
3364500
85
25500
1770000
1795500
90
109500
609000
718500
95
639000
269000
908000
100
1366500
148000
1514500
105
2331500
59000
2390500
110
3388000
0
3388000
115
4617000
0
4617000
120
5966500
0
5966500
125
7482000
0
7482000
130
9007500
0
9007500
135
10560500
0
10560500
140
12117000
0
12117000
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.