This page reflects EXEL 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 — EXEL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $50.00 (3.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$2.65
±5.0%
Days to Expiry
3
Calendar days
Total Call OI
8,009
Nearest expiry
Total Put OI
9,403
Nearest expiry
P/C OI Ratio
1.17
Put-heavy
Spot Price
$53.12
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
$48.00
6/18/2026, 11:13:18 PM
2026-07-17
$50.00
7/17/2026, 11:14:34 PM
2026-08-21NextUpdated
$50.00
8/18/2026, 11:13:15 PM
2026-09-18
$55.00
8/18/2026, 11:13:15 PM
2026-11-20
$36.00
8/18/2026, 11:13:15 PM
2026-12-18
$50.00
8/18/2026, 11:13:15 PM
2027-01-15
$40.00
8/18/2026, 11:13:15 PM
2027-02-19
$40.00
8/18/2026, 11:13:15 PM
Selected expiration: 2026-08-21 at max pain $50.00.
EXEL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
22112300
22112300
30
13000
17418300
17431300
33
22300
14601900
14624200
34
26400
13664100
13690500
35
30600
12726300
12756900
36
34800
11790700
11825500
37
39000
10858200
10897200
38
43400
9925700
9969100
39
47800
8993200
9041000
40
52200
8060700
8112900
41
68400
7182900
7251300
42
87700
6307200
6394900
43
107400
5431500
5538900
44
139700
4561800
4701500
45
203100
3758700
3961800
46
272200
2988600
3260800
47
352400
2266100
2618500
48
433400
1544400
1977800
49
549900
854700
1404600
50
678900
201500
880400
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.