This page reflects EWTX 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 — EWTX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $30.00 (14.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$3.20
±7.3%
Days to Expiry
3
Calendar days
Total Call OI
8,225
Nearest expiry
Total Put OI
1,716
Nearest expiry
P/C OI Ratio
0.21
Put-heavy
Spot Price
$44.11
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
$34.00
6/18/2026, 11:16:03 PM
2026-07-17
$35.00
7/17/2026, 11:16:07 PM
2026-08-21NextUpdated
$30.00
8/18/2026, 11:12:50 PM
2026-09-18
$45.00
8/18/2026, 11:12:50 PM
2026-10-16
$41.00
8/18/2026, 11:12:50 PM
2026-11-20
$35.00
8/18/2026, 11:12:50 PM
2026-12-18
$43.00
8/18/2026, 11:12:50 PM
2027-01-15
$40.00
8/18/2026, 11:12:50 PM
2027-02-19
$28.00
8/18/2026, 11:12:50 PM
2027-03-19
$42.00
8/18/2026, 11:12:50 PM
Selected expiration: 2026-08-21 at max pain $30.00.
EWTX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
14
0
3148700
3148700
16
400
2807300
2807700
17
600
2636800
2637400
18
800
2466400
2467200
19
1100
2296100
2297200
20
1400
2126100
2127500
21
4400
1970700
1975100
22
7400
1816200
1823600
23
10400
1662100
1672500
24
13400
1508300
1521700
25
16400
1354500
1370900
26
133300
1200700
1334000
27
250200
1048100
1298300
28
367200
895600
1262800
29
484200
743100
1227300
30
605100
591300
1196400
31
731200
529100
1260300
32
857300
467000
1324300
33
986600
404900
1391500
34
1116600
343900
1460500
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.