This page reflects ELTX 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 — ELTX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $5.00 (1.89 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$5.00
Nearest expiry
Expected Move
±$2.17
±69.9%
Days to Expiry
3
Calendar days
Total Call OI
11,958
Nearest expiry
Total Put OI
6,040
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$3.11
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
$5.00
6/18/2026, 11:12:43 PM
2026-07-17
$2.50
7/17/2026, 11:08:49 PM
2026-08-21NextUpdated
$5.00
8/18/2026, 11:13:25 PM
2026-11-20
$12.50
8/18/2026, 11:13:25 PM
2027-02-19
$2.50
8/18/2026, 11:13:25 PM
Selected expiration: 2026-08-21 at max pain $5.00.
ELTX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
1821750
1821750
5
348500
1339250
1687750
7.5
1893750
881500
2775250
10
3464750
429750
3894500
12.5
5043500
2250
5045750
15
6782750
0
6782750
17.5
8813250
0
8813250
20
11031000
0
11031000
22.5
13248750
0
13248750
25
15985250
0
15985250
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.