This page reflects EXC 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 — EXC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $47.00 (1.69 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$47.00
Nearest expiry
Expected Move
±$0.92
±2.0%
Days to Expiry
3
Calendar days
Total Call OI
8,778
Nearest expiry
Total Put OI
1,460
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$45.31
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
$45.00
6/18/2026, 11:16:08 PM
2026-07-17
$46.00
7/17/2026, 11:14:20 PM
2026-08-21NextUpdated
$47.00
8/18/2026, 11:12:53 PM
2026-09-18
$45.00
8/18/2026, 11:12:53 PM
2026-10-16
$46.00
8/18/2026, 11:12:53 PM
2026-12-18
$46.00
8/18/2026, 11:12:53 PM
2027-01-15
$45.00
8/18/2026, 11:12:53 PM
2027-03-19
$45.00
8/18/2026, 11:12:53 PM
2027-06-17
$45.00
8/18/2026, 11:12:53 PM
Selected expiration: 2026-08-21 at max pain $47.00.
EXC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
39
0
925000
925000
40
0
779200
779200
41
100
634600
634700
42
200
491500
491700
43
300
358500
358800
44
1500
232900
234400
45
4400
128000
132400
46
10900
53100
64000
47
40800
11900
52700
48
429600
0
429600
49
884500
0
884500
50
1464000
0
1464000
55
5839000
0
5839000
70
19004500
0
19004500
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.