This page reflects EAT 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 — EAT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $230.00 (5.65 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$230.00
Nearest expiry
Expected Move
±$9.68
±4.1%
Days to Expiry
3
Calendar days
Total Call OI
2,994
Nearest expiry
Total Put OI
3,094
Nearest expiry
P/C OI Ratio
1.03
Put-heavy
Spot Price
$235.65
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
$140.00
6/18/2026, 11:14:22 PM
2026-07-17
$155.00
7/17/2026, 11:11:03 PM
2026-08-21NextUpdated
$230.00
8/18/2026, 11:12:03 PM
2026-09-18
$200.00
8/18/2026, 11:12:03 PM
2026-10-16
$220.00
8/18/2026, 11:12:03 PM
2026-12-18
$180.00
8/18/2026, 11:12:03 PM
2027-01-15
$145.00
8/18/2026, 11:12:03 PM
Selected expiration: 2026-08-21 at max pain $230.00.
EAT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
30023000
30023000
105
2000
28480000
28482000
110
5500
26937000
26942500
115
9000
25412000
25421000
120
12500
24025500
24038000
125
18000
22655500
22673500
130
25000
21289500
21314500
135
34000
19930500
19964500
140
45000
18576500
18621500
145
57000
17225500
17282500
150
69500
15885500
15955000
155
84500
14558000
14642500
160
102500
13360500
13463000
165
122500
12180500
12303000
170
148500
11025500
11174000
175
177000
9905500
10082500
180
208500
8838500
9047000
185
247000
7790500
8037500
190
297000
6774000
7071000
195
377500
5813000
6190500
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.