This page reflects IESC 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 — IESC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $650.00 (88.79 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$650.00
Nearest expiry
Expected Move
±$41.10
±5.6%
Days to Expiry
3
Calendar days
Total Call OI
2,199
Nearest expiry
Total Put OI
1,260
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$738.79
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
$610.00
6/18/2026, 11:18:02 PM
2026-07-17
$610.00
7/17/2026, 11:17:32 PM
2026-08-21NextUpdated
$650.00
8/18/2026, 11:15:20 PM
2026-09-18
$660.00
8/18/2026, 11:15:20 PM
2026-10-16
$700.00
8/18/2026, 11:15:20 PM
2026-12-18
$440.00
8/18/2026, 11:15:20 PM
2027-01-15
$480.00
8/18/2026, 11:15:20 PM
Selected expiration: 2026-08-21 at max pain $650.00.
IESC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
350
0
23800000
23800000
360
0
22550000
22550000
390
3000
18800000
18803000
400
4000
17555000
17559000
410
5000
16320000
16325000
420
6000
15086000
15092000
430
7000
13873000
13880000
440
8000
12662000
12670000
450
10000
11457000
11467000
460
12000
10255000
10267000
480
18000
7857000
7875000
490
21000
6661000
6682000
500
24000
5857000
5881000
510
89000
5447000
5536000
520
154000
5050000
5204000
530
219000
4666000
4885000
540
284000
4299000
4583000
550
354000
3995000
4349000
560
428000
3713000
4141000
570
502000
3444000
3946000
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.