Intercontinental Exchange Inc.Close $156.18EOD only
Max Pain
$145.00
Next expiry Aug 21, 2026
Expected Move
±$3.93
2.5% from close
Price Gap
-11.18
Distance to max pain
IV Rank
25
Low premium
P/C OI
0.44
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects ICE 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 — ICE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $145.00 (11.18 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$145.00
Nearest expiry
Expected Move
±$3.93
±2.5%
Days to Expiry
3
Calendar days
Total Call OI
8,242
Nearest expiry
Total Put OI
4,975
Nearest expiry
P/C OI Ratio
0.60
Put-heavy
Spot Price
$156.18
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
2026-08-07
$152.50
8/7/2026, 11:15:33 PM
2026-08-14
$149.00
8/14/2026, 11:18:57 PM
2026-08-21NextUpdated
$145.00
8/18/2026, 11:22:32 PM
2026-08-28
$148.00
8/18/2026, 11:22:32 PM
2026-09-04
$150.00
8/18/2026, 11:22:32 PM
2026-09-11
$157.50
8/18/2026, 11:22:32 PM
2026-09-18
$145.00
8/18/2026, 11:22:32 PM
2026-09-25
$155.00
8/18/2026, 11:22:32 PM
2026-10-02
$155.00
8/18/2026, 11:22:32 PM
2026-12-18
$140.00
8/18/2026, 11:22:32 PM
2027-01-15
$150.00
8/18/2026, 11:22:32 PM
2027-03-19
$150.00
8/18/2026, 11:22:32 PM
2027-06-17
$145.00
8/18/2026, 11:22:32 PM
Selected expiration: 2026-08-21 at max pain $145.00.
ICE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
27485850
27485850
95
0
22511850
22511850
100
0
20026350
20026350
105
0
17551850
17551850
110
2500
15090850
15093350
115
6500
12671350
12677850
120
10500
10384850
10395350
125
41000
8206850
8247850
128
69800
7083350
7153150
129
79400
6709450
6788850
130
89000
6335750
6424750
131
108400
5975150
6083550
132
128300
5615450
5743750
133
148200
5255950
5404150
134
168200
4896550
5064750
135
188200
4538250
4726450
136
211700
4192650
4404350
137
235300
3847350
4082650
138
259100
3503750
3762850
139
283000
3161450
3444450
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.