This page reflects ELF 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 — ELF
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $75.00 (17.51 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$3.86
±4.2%
Days to Expiry
3
Calendar days
Total Call OI
31,363
Nearest expiry
Total Put OI
10,800
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$92.51
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
2026-08-07
$80.00
8/7/2026, 11:12:22 PM
2026-08-14
$88.00
8/14/2026, 11:15:10 PM
2026-08-21NextUpdated
$75.00
8/18/2026, 11:12:32 PM
2026-08-28
$92.00
8/18/2026, 11:12:32 PM
2026-09-04
$92.00
8/18/2026, 11:12:32 PM
2026-09-11
$93.00
8/18/2026, 11:12:32 PM
2026-09-18
$75.00
8/18/2026, 11:12:32 PM
2026-09-25
$89.00
8/18/2026, 11:12:32 PM
2026-10-02
$85.00
8/18/2026, 11:12:32 PM
2026-10-16
$80.00
8/18/2026, 11:12:32 PM
2026-11-20
$70.00
8/18/2026, 11:12:32 PM
2026-12-18
$75.00
8/18/2026, 11:12:32 PM
2027-01-15
$70.00
8/18/2026, 11:12:32 PM
2027-02-19
$70.00
8/18/2026, 11:12:32 PM
Selected expiration: 2026-08-21 at max pain $75.00.
ELF pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
49176300
49176300
35
0
43799300
43799300
40
4000
38649800
38653800
45
305000
33640300
33945300
50
652000
28954800
29606800
55
1058500
24607800
25666300
60
1547000
20437300
21984300
62
1833600
18935900
20769500
63
1977000
18188500
20165500
64
2121400
17447500
19568900
65
2266000
16707400
18973400
66
2490600
16033300
18523900
67
2715900
15360200
18076100
68
2941500
14688200
17629700
69
3167100
14017500
17184600
70
3392900
13347400
16740300
71
3701800
12731400
16433200
72
4010900
12116600
16127500
73
4320100
11502900
15823000
74
4631300
10894000
15525300
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.