This page reflects CUBE 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 — CUBE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $37.50 (3.46 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$37.50
Nearest expiry
Expected Move
±$1.43
±3.5%
Days to Expiry
3
Calendar days
Total Call OI
1,745
Nearest expiry
Total Put OI
420
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$40.96
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
$40.00
6/18/2026, 11:10:09 PM
2026-07-17
$40.00
7/17/2026, 11:10:48 PM
2026-08-21NextUpdated
$37.50
8/18/2026, 11:11:03 PM
2026-09-18
$40.00
8/18/2026, 11:11:03 PM
2026-11-20
$35.00
8/18/2026, 11:11:03 PM
2027-02-19
$40.00
8/18/2026, 11:11:03 PM
Selected expiration: 2026-08-21 at max pain $37.50.
CUBE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
600500
600500
22.5
0
497500
497500
25
0
394500
394500
27.5
0
291500
291500
30
0
196500
196500
32.5
2500
128500
131000
35
5500
72000
77500
37.5
15750
29250
45000
40
55250
2500
57750
42.5
150000
250
150250
45
359500
0
359500
47.5
771500
0
771500
50
1192500
0
1192500
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.