This page reflects EG 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 — EG
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $360.00 (7.38 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$360.00
Nearest expiry
Expected Move
±$7.10
±1.9%
Days to Expiry
3
Calendar days
Total Call OI
217
Nearest expiry
Total Put OI
67
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$367.38
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
$340.00
6/18/2026, 11:12:05 PM
2026-07-17
$360.00
7/17/2026, 11:11:41 PM
2026-08-21NextUpdated
$360.00
8/18/2026, 11:13:14 PM
2026-09-18
$360.00
8/18/2026, 11:13:14 PM
2026-10-16
$380.00
8/18/2026, 11:13:14 PM
2027-01-15
$350.00
8/18/2026, 11:13:14 PM
Selected expiration: 2026-08-21 at max pain $360.00.
EG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
200
0
868000
868000
210
0
802000
802000
220
0
738000
738000
230
0
675000
675000
240
0
614000
614000
260
0
494000
494000
280
0
376000
376000
290
0
322000
322000
300
0
269000
269000
310
4000
217000
221000
320
8000
167000
175000
330
12000
118000
130000
340
16000
76000
92000
350
21000
37000
58000
360
33000
7000
40000
370
66000
0
66000
380
123000
0
123000
390
206000
0
206000
400
307000
0
307000
410
426000
0
426000
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.