This page reflects DEO 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 — DEO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $85.00 (5.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$2.30
±2.5%
Days to Expiry
3
Calendar days
Total Call OI
4,392
Nearest expiry
Total Put OI
3,985
Nearest expiry
P/C OI Ratio
0.91
Put-heavy
Spot Price
$90.98
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
$80.00
6/18/2026, 11:09:29 PM
2026-07-17
$80.00
7/17/2026, 11:11:05 PM
2026-08-21NextUpdated
$85.00
8/18/2026, 11:11:19 PM
2026-09-18
$85.00
8/18/2026, 11:11:19 PM
2026-10-16
$85.00
8/18/2026, 11:11:19 PM
2027-01-15
$85.00
8/18/2026, 11:11:19 PM
Selected expiration: 2026-08-21 at max pain $85.00.
DEO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
12464000
12464000
60
0
8484000
8484000
65
0
6494500
6494500
70
0
4529000
4529000
75
0
2661000
2661000
80
22500
1309500
1332000
85
139000
562500
701500
90
1476000
143000
1619000
95
3255500
500
3256000
100
5315500
0
5315500
105
7497500
0
7497500
110
9687000
0
9687000
115
11880000
0
11880000
120
14075500
0
14075500
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.