This page reflects COHU 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 — COHU
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $45.00 (14.22 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$4.12
±7.0%
Days to Expiry
3
Calendar days
Total Call OI
7,512
Nearest expiry
Total Put OI
2,784
Nearest expiry
P/C OI Ratio
0.37
Put-heavy
Spot Price
$59.22
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
$45.00
6/18/2026, 11:09:03 PM
2026-07-17
$55.00
7/17/2026, 11:10:35 PM
2026-08-21NextUpdated
$45.00
8/18/2026, 11:08:41 PM
2026-09-18
$50.00
8/18/2026, 11:08:41 PM
2026-11-20
$55.00
8/18/2026, 11:08:41 PM
2026-12-18
$25.00
8/18/2026, 11:08:41 PM
2027-02-19
$40.00
8/18/2026, 11:08:41 PM
Selected expiration: 2026-08-21 at max pain $45.00.
COHU pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
12.5
0
9160750
9160750
15
0
8464750
8464750
17.5
0
7771250
7771250
20
0
7077750
7077750
22.5
0
6386250
6386250
25
0
5695000
5695000
30
500
4312500
4313000
35
9000
3191500
3200500
40
31500
2123500
2155000
45
585000
1351000
1936000
50
1356500
738000
2094500
55
2945500
151000
3096500
60
5113500
79000
5192500
65
7751000
36500
7787500
70
10856000
0
10856000
75
14255000
0
14255000
80
17773000
0
17773000
85
21376000
0
21376000
90
25066000
0
25066000
95
28779000
0
28779000
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.