This page reflects EWBC 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 — EWBC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $125.00 (10.07 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$125.00
Nearest expiry
Expected Move
±$3.53
±2.6%
Days to Expiry
3
Calendar days
Total Call OI
670
Nearest expiry
Total Put OI
183
Nearest expiry
P/C OI Ratio
0.27
Put-heavy
Spot Price
$135.07
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
$130.00
6/18/2026, 11:13:10 PM
2026-07-17
$120.00
7/17/2026, 11:15:24 PM
2026-08-21NextUpdated
$125.00
8/18/2026, 11:13:12 PM
2026-09-18
$130.00
8/18/2026, 11:13:12 PM
2026-10-16
$130.00
8/18/2026, 11:13:12 PM
2026-11-20
$100.00
8/18/2026, 11:13:12 PM
2027-01-15
$110.00
8/18/2026, 11:13:12 PM
Selected expiration: 2026-08-21 at max pain $125.00.
EWBC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
1234000
1234000
55
0
1143000
1143000
60
0
1054500
1054500
65
0
967500
967500
70
0
882500
882500
75
0
800000
800000
80
0
718500
718500
85
0
637000
637000
90
0
556500
556500
95
0
477000
477000
100
0
397500
397500
105
0
319000
319000
110
1000
242000
243000
115
2000
167500
169500
120
3000
99000
102000
125
51000
49000
100000
130
105500
5000
110500
135
209000
0
209000
140
439500
0
439500
145
759500
0
759500
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.