This page reflects EQT 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 — EQT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $51.00 (2.14 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$51.00
Nearest expiry
Expected Move
±$1.28
±2.4%
Days to Expiry
3
Calendar days
Total Call OI
25,959
Nearest expiry
Total Put OI
37,120
Nearest expiry
P/C OI Ratio
1.43
Put-heavy
Spot Price
$53.14
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
$52.00
8/7/2026, 11:14:11 PM
2026-08-14
$53.00
8/14/2026, 11:13:35 PM
2026-08-21NextUpdated
$51.00
8/18/2026, 11:12:04 PM
2026-08-28
$52.00
8/18/2026, 11:12:04 PM
2026-09-04
$53.00
8/18/2026, 11:12:04 PM
2026-09-11
$51.00
8/18/2026, 11:12:04 PM
2026-09-18
$55.00
8/18/2026, 11:12:04 PM
2026-09-25
$54.00
8/18/2026, 11:12:04 PM
2026-10-02
$55.00
8/18/2026, 11:12:04 PM
2026-12-18
$55.00
8/18/2026, 11:12:04 PM
2027-01-15
$52.50
8/18/2026, 11:12:04 PM
2027-03-19
$57.50
8/18/2026, 11:12:04 PM
2027-06-17
$52.50
8/18/2026, 11:12:04 PM
Selected expiration: 2026-08-21 at max pain $51.00.
EQT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
67151400
67151400
35
500
48591400
48591900
37.5
750
39311650
39312400
40
1000
30031900
30032900
42
1800
22656100
22657900
42.5
2000
20812650
20814650
44
2600
15517650
15520250
44.5
2800
13755200
13758000
45
3000
11993300
11996300
45.5
3450
10326900
10330350
46
3900
8668500
8672400
46.5
4350
7013250
7017600
47
4800
5358400
5363200
47.5
8950
3710000
3718950
48
25450
3209400
3234850
48.5
48800
2716050
2764850
49
73600
2232900
2306500
49.5
98500
1793900
1892400
50
129300
1366200
1495500
51
567400
903900
1471300
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.