This page reflects METC 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 — METC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $10.00 (1.60 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$0.75
±6.5%
Days to Expiry
3
Calendar days
Total Call OI
35,395
Nearest expiry
Total Put OI
6,683
Nearest expiry
P/C OI Ratio
0.19
Put-heavy
Spot Price
$11.60
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
$14.00
6/18/2026, 11:23:23 PM
2026-07-17
$12.00
7/17/2026, 11:24:48 PM
2026-08-21NextUpdated
$10.00
8/18/2026, 11:28:03 PM
2026-09-18
$13.00
8/18/2026, 11:28:03 PM
2026-12-18
$13.00
8/18/2026, 11:28:03 PM
2027-01-15
$19.00
8/18/2026, 11:28:03 PM
2027-03-19
$12.00
8/18/2026, 11:28:03 PM
Selected expiration: 2026-08-21 at max pain $10.00.
METC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
6
0
2550700
2550700
7
100
1893800
1893900
8
11300
1243200
1254500
9
22700
816000
838700
10
97600
477700
575300
11
334200
281400
615600
12
2486600
131900
2618500
13
5375000
43900
5418900
14
8412900
18700
8431600
15
11605000
3200
11608200
16
14930900
1700
14932600
17
18300200
500
18300700
18
21682100
400
21682500
19
25140600
300
25140900
20
28609900
200
28610100
21
32140500
100
32140600
22
35676700
0
35676700
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.