This page reflects EMR 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 — EMR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $155.00 (2.78 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$155.00
Nearest expiry
Expected Move
±$3.08
±1.9%
Days to Expiry
3
Calendar days
Total Call OI
1,408
Nearest expiry
Total Put OI
2,202
Nearest expiry
P/C OI Ratio
1.56
Put-heavy
Spot Price
$157.78
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
$150.00
8/7/2026, 11:11:58 PM
2026-08-14
$160.00
8/14/2026, 11:13:05 PM
2026-08-21NextUpdated
$155.00
8/18/2026, 11:11:52 PM
2026-08-28
$144.00
8/18/2026, 11:11:52 PM
2026-09-04
$157.50
8/18/2026, 11:11:52 PM
2026-09-11
$149.00
8/18/2026, 11:11:52 PM
2026-09-18
$145.00
8/18/2026, 11:11:52 PM
2026-09-25
$157.50
8/18/2026, 11:11:52 PM
2026-10-02
$160.00
8/18/2026, 11:11:52 PM
2026-12-18
$150.00
8/18/2026, 11:11:52 PM
2027-01-15
$140.00
8/18/2026, 11:11:52 PM
2027-03-19
$140.00
8/18/2026, 11:11:52 PM
2027-06-17
$150.00
8/18/2026, 11:11:52 PM
Selected expiration: 2026-08-21 at max pain $155.00.
EMR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
7718600
7718600
100
0
6618100
6618100
105
0
5518100
5518100
110
0
4438600
4438600
115
0
3378100
3378100
120
0
2617600
2617600
125
0
1885100
1885100
127
0
1626100
1626100
128
0
1496800
1496800
129
0
1367600
1367600
130
0
1238500
1238500
131
0
1119600
1119600
132
0
1007500
1007500
133
0
895700
895700
134
0
784200
784200
135
0
672900
672900
136
300
615600
615900
137
700
558700
559400
138
1200
502000
503200
139
1700
446000
447700
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.