This page reflects ECPG 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 — ECPG
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $90.00 (12.21 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$3.70
±3.6%
Days to Expiry
3
Calendar days
Total Call OI
51
Nearest expiry
Total Put OI
48
Nearest expiry
P/C OI Ratio
0.94
Put-heavy
Spot Price
$102.21
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
$82.50
6/18/2026, 11:14:45 PM
2026-07-17
$92.50
7/17/2026, 11:15:10 PM
2026-08-21NextUpdated
$90.00
8/18/2026, 11:12:02 PM
2026-09-18
$100.00
8/18/2026, 11:12:02 PM
2026-12-18
$55.00
8/18/2026, 11:12:02 PM
Selected expiration: 2026-08-21 at max pain $90.00.
ECPG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
136500
136500
70
0
66000
66000
75
0
43500
43500
77.5
0
34500
34500
80
0
25750
25750
82.5
0
18000
18000
85
0
11000
11000
87.5
0
4250
4250
90
0
1500
1500
92.5
6750
750
7500
95
15000
0
15000
97.5
23500
0
23500
100
33250
0
33250
105
55750
0
55750
110
80250
0
80250
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.