Jefferies Financial Group Inc.Close $53.84EOD only
Max Pain
$57.50
Next expiry Aug 21, 2026
Expected Move
±$1.88
3.5% from close
Price Gap
+3.66
Distance to max pain
IV Rank
0
Low premium
P/C OI
2.60
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects JEF 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 — JEF
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $57.50 (3.66 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$57.50
Nearest expiry
Expected Move
±$1.88
±3.5%
Days to Expiry
3
Calendar days
Total Call OI
1,642
Nearest expiry
Total Put OI
1,679
Nearest expiry
P/C OI Ratio
1.02
Put-heavy
Spot Price
$53.84
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
$50.00
6/18/2026, 11:19:04 PM
2026-07-17
$50.00
7/17/2026, 11:22:04 PM
2026-08-21NextUpdated
$57.50
8/18/2026, 11:17:55 PM
2026-09-18
$50.00
8/18/2026, 11:17:55 PM
2026-12-18
$52.50
8/18/2026, 11:17:55 PM
2027-01-15
$57.50
8/18/2026, 11:17:55 PM
2027-03-19
$57.50
8/18/2026, 11:17:55 PM
Selected expiration: 2026-08-21 at max pain $57.50.
JEF pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
37.5
0
2482500
2482500
40
0
2066750
2066750
42.5
0
1655750
1655750
45
0
1257500
1257500
47.5
500
892250
892750
50
1000
540000
541000
52.5
1500
315000
316500
55
2750
125500
128250
57.5
88000
12500
100500
60
220750
5250
226000
62.5
429000
1500
430500
65
797000
0
797000
67.5
1202500
0
1202500
70
1611000
0
1611000
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.