This page reflects EQNR 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 — EQNR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $40.00 (1.84 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$1.42
±3.4%
Days to Expiry
3
Calendar days
Total Call OI
21,127
Nearest expiry
Total Put OI
36,546
Nearest expiry
P/C OI Ratio
1.73
Put-heavy
Spot Price
$41.84
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
$38.00
6/18/2026, 11:13:33 PM
2026-07-17
$33.00
7/17/2026, 11:14:50 PM
2026-08-21NextUpdated
$40.00
8/18/2026, 11:14:11 PM
2026-09-18
$40.00
8/18/2026, 11:14:11 PM
2026-10-16
$37.00
8/18/2026, 11:14:11 PM
2027-01-15
$31.42
8/18/2026, 11:14:11 PM
2027-03-19
$40.00
8/18/2026, 11:14:11 PM
2027-05-21
$50.00
8/18/2026, 11:14:11 PM
Selected expiration: 2026-08-21 at max pain $40.00.
EQNR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
24
0
44874300
44874300
25
0
41219800
41219800
26
0
37565700
37565700
27
0
33911700
33911700
28
0
30259100
30259100
29
0
26607700
26607700
30
100
22963600
22963700
31
1000
19844100
19845100
32
2100
16738600
16740700
33
3300
13652500
13655800
34
4700
10575100
10579800
35
6700
7516900
7523600
36
8800
4657600
4666400
37
13800
2537900
2551700
38
18800
639900
658700
39
25200
323400
348600
40
148400
61300
209700
41
1451500
13100
1464600
42
2895800
1200
2897000
43
4464800
0
4464800
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.