This page reflects EXTR 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 — EXTR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $26.00 (2.25 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$26.00
Nearest expiry
Expected Move
±$1.30
±5.5%
Days to Expiry
3
Calendar days
Total Call OI
2,695
Nearest expiry
Total Put OI
805
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$23.75
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
$21.00
6/18/2026, 11:13:12 PM
2026-07-17
$25.00
7/17/2026, 11:15:10 PM
2026-08-21NextUpdated
$26.00
8/18/2026, 11:14:45 PM
2026-09-18
$23.00
8/18/2026, 11:14:45 PM
2026-11-20
$27.00
8/18/2026, 11:14:45 PM
2026-12-18
$16.00
8/18/2026, 11:14:45 PM
2027-03-19
$20.00
8/18/2026, 11:14:45 PM
Selected expiration: 2026-08-21 at max pain $26.00.
EXTR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
18
0
799500
799500
19
0
723300
723300
20
0
647500
647500
22
200
498300
498500
23
1700
423900
425600
24
3600
350600
354200
25
13900
282800
296700
26
33700
219300
253000
27
142100
155800
297900
28
254000
94600
348600
29
378300
36300
414600
30
506300
9800
516100
31
640900
7300
648200
32
783700
5000
788700
33
935800
2700
938500
34
1123000
1100
1124100
35
1316800
0
1316800
36
1566300
0
1566300
37
1829000
0
1829000
38
2092200
0
2092200
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.