This page reflects COGT 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 — COGT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $37.00 (0.40 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$37.00
Nearest expiry
Expected Move
±$2.10
±5.6%
Days to Expiry
3
Calendar days
Total Call OI
10,887
Nearest expiry
Total Put OI
4,305
Nearest expiry
P/C OI Ratio
0.40
Put-heavy
Spot Price
$37.40
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
$33.00
6/18/2026, 11:08:26 PM
2026-07-17
$35.00
7/17/2026, 11:10:42 PM
2026-08-21NextUpdated
$37.00
8/18/2026, 11:07:26 PM
2026-09-18
$38.00
8/18/2026, 11:07:26 PM
2026-11-20
$40.00
8/18/2026, 11:07:26 PM
2027-01-15
$30.00
8/18/2026, 11:07:26 PM
2027-02-19
$26.00
8/18/2026, 11:07:26 PM
Selected expiration: 2026-08-21 at max pain $37.00.
COGT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
6912100
6912100
25
0
4768100
4768100
30
8500
2756100
2764600
31
11700
2358700
2370400
32
15300
1961800
1977100
33
18900
1581600
1600500
34
23500
1221900
1245400
35
28500
864000
892500
36
38100
525200
563300
37
47800
192400
240200
38
275900
83600
359500
39
504900
34400
539300
40
734600
1100
735700
41
1392900
900
1393800
42
2060500
800
2061300
43
2751300
700
2752000
44
3443200
600
3443800
45
4135700
500
4136200
46
4855200
400
4855600
47
5575500
300
5575800
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.