This page reflects EXE 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 — EXE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $95.00 (0.45 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$2.30
±2.4%
Days to Expiry
3
Calendar days
Total Call OI
15,028
Nearest expiry
Total Put OI
39,794
Nearest expiry
P/C OI Ratio
2.65
Put-heavy
Spot Price
$95.45
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
$95.00
6/18/2026, 11:13:18 PM
2026-07-17
$90.00
7/17/2026, 11:16:00 PM
2026-08-21NextUpdated
$95.00
8/18/2026, 11:12:28 PM
2026-09-18
$90.00
8/18/2026, 11:12:28 PM
2026-10-16
$95.00
8/18/2026, 11:12:28 PM
2027-01-15
$90.00
8/18/2026, 11:12:28 PM
2027-03-19
$100.00
8/18/2026, 11:12:28 PM
2027-06-17
$85.00
8/18/2026, 11:12:28 PM
Selected expiration: 2026-08-21 at max pain $95.00.
EXE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
124902500
124902500
55
0
105005500
105005500
70
0
45322000
45322000
75
5500
25429000
25434500
80
12000
5597500
5609500
85
18500
2477000
2495500
90
27500
686500
714000
95
43500
79500
123000
100
1684000
4000
1688000
105
8077500
0
8077500
110
15022500
0
15022500
115
22535500
0
22535500
120
30049000
0
30049000
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.