This page reflects ETON 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 — ETON
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $35.00 (28.43 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$3.67
±5.8%
Days to Expiry
3
Calendar days
Total Call OI
3,024
Nearest expiry
Total Put OI
1,705
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$63.43
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
$25.00
6/18/2026, 11:11:51 PM
2026-07-17
$30.00
7/17/2026, 11:11:13 PM
2026-08-21NextUpdated
$35.00
8/18/2026, 11:13:04 PM
2026-09-18
$50.00
8/18/2026, 11:13:04 PM
2026-11-20
$45.00
8/18/2026, 11:13:04 PM
2027-02-19
$35.00
8/18/2026, 11:13:04 PM
Selected expiration: 2026-08-21 at max pain $35.00.
ETON pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
3974000
3974000
5
1000
3547750
3548750
10
3500
2695250
2698750
12.5
5000
2269000
2274000
15
7000
1842750
1849750
17.5
27750
1656000
1683750
20
49750
1482750
1532500
22.5
77750
1314500
1392250
25
130250
1147000
1277250
30
249250
821500
1070750
35
394250
593500
987750
40
614750
405000
1019750
45
1055250
250500
1305750
50
1772750
109000
1881750
55
2852750
9500
2862250
60
4311750
2500
4314250
65
5778250
1000
5779250
70
7284250
0
7284250
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.