This page reflects ETSY 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 — ETSY
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $80.00 (0.04 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$3.12
±3.9%
Days to Expiry
3
Calendar days
Total Call OI
27,750
Nearest expiry
Total Put OI
21,104
Nearest expiry
P/C OI Ratio
0.76
Put-heavy
Spot Price
$79.96
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
$83.00
8/7/2026, 11:12:35 PM
2026-08-14
$84.00
8/14/2026, 11:13:05 PM
2026-08-21NextUpdated
$80.00
8/18/2026, 11:10:21 PM
2026-08-28
$87.00
8/18/2026, 11:10:21 PM
2026-09-04
$81.00
8/18/2026, 11:10:21 PM
2026-09-11
$87.00
8/18/2026, 11:10:21 PM
2026-09-18
$75.00
8/18/2026, 11:10:21 PM
2026-09-25
$80.00
8/18/2026, 11:10:21 PM
2026-10-16
$80.00
8/18/2026, 11:10:21 PM
2026-12-18
$40.00
8/18/2026, 11:10:21 PM
2027-01-15
$55.00
8/18/2026, 11:10:21 PM
2027-03-19
$60.00
8/18/2026, 11:10:21 PM
2027-06-17
$70.00
8/18/2026, 11:10:21 PM
Selected expiration: 2026-08-21 at max pain $80.00.
ETSY pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
32.5
0
77849600
77849600
35
250
72593100
72593350
37.5
500
67338850
67339350
40
750
62086100
62086850
42.5
1000
56892350
56893350
45
1250
51749850
51751100
47.5
1500
46608600
46610100
50
9000
41501350
41510350
55
187000
32891350
33078350
57.5
360750
28640350
29001100
60
545000
24445850
24990850
62.5
750500
20276600
21027100
65
965000
16186350
17151350
67.5
1270000
12644600
13914600
69
1475950
10797800
12273750
70
1613250
9614200
11227450
71
1771550
8553600
10325150
72
1937850
7518100
9455950
72.5
2023100
7012350
9035450
73
2133000
6513500
8646500
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.