This page reflects ESLT 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 — ESLT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $770.00 (25.71 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$770.00
Nearest expiry
Expected Move
±$22.60
±2.8%
Days to Expiry
3
Calendar days
Total Call OI
1,191
Nearest expiry
Total Put OI
943
Nearest expiry
P/C OI Ratio
0.79
Put-heavy
Spot Price
$795.71
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
$680.00
6/18/2026, 11:12:38 PM
2026-07-17
$760.00
7/17/2026, 11:13:37 PM
2026-08-21NextUpdated
$770.00
8/18/2026, 11:14:27 PM
2026-09-18
$780.00
8/18/2026, 11:14:27 PM
2026-11-20
$840.00
8/18/2026, 11:14:27 PM
2026-12-18
$800.00
8/18/2026, 11:14:27 PM
2027-03-19
$780.00
8/18/2026, 11:14:27 PM
Selected expiration: 2026-08-21 at max pain $770.00.
ESLT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
350
0
33938000
33938000
360
0
32995000
32995000
380
2000
31109000
31111000
390
3000
30166000
30169000
410
5000
28280000
28285000
420
7000
27337000
27344000
430
10000
26394000
26404000
440
14000
25451000
25465000
450
18000
24511000
24529000
460
23000
23572000
23595000
480
35000
21694000
21729000
490
43000
20756000
20799000
500
53000
19818000
19871000
510
64000
18880000
18944000
520
76000
17942000
18018000
530
89000
17004000
17093000
540
102000
16066000
16168000
570
141000
13255000
13396000
580
155000
12325000
12480000
590
170000
11395000
11565000
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.