This page reflects EXR 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 — EXR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $150.00 (3.08 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$150.00
Nearest expiry
Expected Move
±$3.90
±2.6%
Days to Expiry
3
Calendar days
Total Call OI
606
Nearest expiry
Total Put OI
634
Nearest expiry
P/C OI Ratio
1.05
Put-heavy
Spot Price
$146.92
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
$145.00
6/18/2026, 11:13:13 PM
2026-07-17
$145.00
7/17/2026, 11:15:19 PM
2026-08-21NextUpdated
$150.00
8/18/2026, 11:14:57 PM
2026-09-18
$140.00
8/18/2026, 11:14:57 PM
2026-10-16
$150.00
8/18/2026, 11:14:57 PM
2026-12-18
$135.00
8/18/2026, 11:14:57 PM
2027-03-19
$145.00
8/18/2026, 11:14:57 PM
Selected expiration: 2026-08-21 at max pain $150.00.
EXR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
3048000
3048000
95
0
2736000
2736000
115
0
1506000
1506000
120
0
1199000
1199000
125
0
897500
897500
130
0
599000
599000
135
0
309000
309000
140
0
171500
171500
145
0
64000
64000
150
1500
0
1500
155
98500
0
98500
160
357500
0
357500
165
630500
0
630500
170
915500
0
915500
175
1206000
0
1206000
190
2085000
0
2085000
195
2378500
0
2378500
200
2677500
0
2677500
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.