This page reflects ETOR 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 — ETOR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $35.00 (7.23 above 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
±$2.32
±8.4%
Days to Expiry
3
Calendar days
Total Call OI
2,980
Nearest expiry
Total Put OI
491
Nearest expiry
P/C OI Ratio
0.16
Put-heavy
Spot Price
$27.77
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
$35.00
6/18/2026, 11:13:14 PM
2026-07-17
$35.00
7/17/2026, 11:14:02 PM
2026-08-21NextUpdated
$35.00
8/18/2026, 11:12:27 PM
2026-09-18
$35.00
8/18/2026, 11:12:27 PM
2026-10-16
$35.00
8/18/2026, 11:12:27 PM
2026-11-20
$35.00
8/18/2026, 11:12:27 PM
2026-12-18
$35.00
8/18/2026, 11:12:27 PM
2027-01-15
$35.00
8/18/2026, 11:12:27 PM
2027-02-19
$35.00
8/18/2026, 11:12:27 PM
2027-03-19
$25.00
8/18/2026, 11:12:27 PM
Selected expiration: 2026-08-21 at max pain $35.00.
ETOR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
594000
594000
25
500
349000
349500
30
2000
125000
127000
35
81500
17500
99000
40
414500
0
414500
45
1231000
0
1231000
50
2324000
0
2324000
55
3806000
0
3806000
60
5294000
0
5294000
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.