This page reflects EIX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — EIX
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (3.44 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$1.90
±2.6%
Days to Expiry
2
Calendar days
Total Call OI
12,500
Nearest expiry
Total Put OI
9,958
Nearest expiry
P/C OI Ratio
0.80
Put-heavy
Spot Price
$73.44
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
$70.00
6/18/2026, 11:12:28 PM
2026-07-17
$72.50
7/17/2026, 11:12:14 PM
2026-08-21NextUpdated
$70.00
8/19/2026, 11:12:32 PM
2026-09-18
$72.50
8/19/2026, 11:12:32 PM
2026-10-16
$70.00
8/19/2026, 11:12:32 PM
2027-01-15
$65.00
8/19/2026, 11:12:32 PM
Selected expiration: 2026-08-21 at max pain $70.00.
EIX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
18827750
18827750
55
500
13853750
13854250
60
1000
8906250
8907250
62.5
1250
6450500
6451750
65
1500
4062750
4064250
67.5
11750
2460500
2472250
70
133750
1158000
1291750
72.5
1351250
336000
1687250
75
3007000
39500
3046500
77.5
4987500
0
4987500
80
7157250
0
7157250
82.5
9620000
0
9620000
85
12113250
0
12113250
87.5
15106250
0
15106250
90
18205500
0
18205500
95
24449500
0
24449500
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.