This page reflects GEN 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 — GEN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $27.00 (0.64 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$27.00
Nearest expiry
Expected Move
±$1.12
±4.1%
Days to Expiry
3
Calendar days
Total Call OI
3,370
Nearest expiry
Total Put OI
2,624
Nearest expiry
P/C OI Ratio
0.78
Put-heavy
Spot Price
$27.64
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
$22.00
6/18/2026, 11:15:18 PM
2026-07-17
$20.00
7/17/2026, 11:18:18 PM
2026-08-21NextUpdated
$27.00
8/18/2026, 11:18:28 PM
2026-09-18
$28.00
8/18/2026, 11:18:28 PM
2026-10-16
$25.00
8/18/2026, 11:18:28 PM
2026-12-18
$25.00
8/18/2026, 11:18:28 PM
2027-01-15
$26.00
8/18/2026, 11:18:28 PM
Selected expiration: 2026-08-21 at max pain $27.00.
GEN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
17
0
2091000
2091000
18
0
1828600
1828600
19
0
1575000
1575000
20
0
1322000
1322000
21
0
1073100
1073100
22
0
830500
830500
23
0
592800
592800
24
300
358100
358400
25
1300
136600
137900
26
5300
22300
27600
27
10100
10500
20600
28
27300
2600
29900
29
75300
100
75400
30
317500
0
317500
31
628700
0
628700
32
963400
0
963400
33
1299200
0
1299200
34
1635900
0
1635900
35
1972800
0
1972800
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.