This page reflects COKE 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 — COKE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $185.00 (3.64 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$185.00
Nearest expiry
Expected Move
±$5.90
±3.1%
Days to Expiry
3
Calendar days
Total Call OI
565
Nearest expiry
Total Put OI
4,878
Nearest expiry
P/C OI Ratio
8.63
Put-heavy
Spot Price
$188.64
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
$165.00
6/18/2026, 11:08:42 PM
2026-07-17
$175.00
7/17/2026, 11:10:32 PM
2026-08-21NextUpdated
$185.00
8/18/2026, 11:09:16 PM
2026-09-18
$175.00
8/18/2026, 11:09:16 PM
2026-12-18
$175.00
8/18/2026, 11:09:16 PM
2027-03-19
$140.00
8/18/2026, 11:09:16 PM
Selected expiration: 2026-08-21 at max pain $185.00.
COKE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
130
0
20233500
20233500
135
0
18052000
18052000
140
0
15878500
15878500
145
0
13708500
13708500
150
1000
11551000
11552000
155
2000
9462500
9464500
160
3000
7394000
7397000
165
4500
5347500
5352000
170
7000
3673000
3680000
175
12000
2017500
2029500
180
24000
1034500
1058500
185
43000
70500
113500
190
101000
33500
134500
195
197500
11000
208500
200
332500
1000
333500
210
764500
0
764500
220
1252500
0
1252500
230
1805500
0
1805500
240
2365500
0
2365500
250
2929500
0
2929500
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.