Arcelor Mittal NY Registry SharClose $72.00EOD only
Max Pain
$69.00
Next expiry Aug 21, 2026
Expected Move
±$2.40
3.3% from close
Price Gap
-3.00
Distance to max pain
IV Rank
1
Low premium
P/C OI
0.75
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects MT 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 — MT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $69.00 (3.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$69.00
Nearest expiry
Expected Move
±$2.40
±3.3%
Days to Expiry
3
Calendar days
Total Call OI
5,678
Nearest expiry
Total Put OI
3,284
Nearest expiry
P/C OI Ratio
0.58
Put-heavy
Spot Price
$72.00
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
$69.00
8/7/2026, 11:22:49 PM
2026-08-14
$71.00
8/14/2026, 11:27:35 PM
2026-08-21NextUpdated
$69.00
8/18/2026, 11:22:51 PM
2026-08-28
$71.00
8/18/2026, 11:22:51 PM
2026-09-04
$69.00
8/18/2026, 11:22:51 PM
2026-09-11
$72.00
8/18/2026, 11:22:51 PM
2026-09-18
$70.00
8/18/2026, 11:22:51 PM
2026-09-25
$69.00
8/18/2026, 11:22:51 PM
2026-12-18
$75.00
8/18/2026, 11:22:51 PM
2027-01-15
$37.00
8/18/2026, 11:22:51 PM
2027-03-19
$60.00
8/18/2026, 11:22:51 PM
Selected expiration: 2026-08-21 at max pain $69.00.
MT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
7813000
7813000
45
0
6171500
6171500
50
0
4573500
4573500
54
0
3309900
3309900
55
0
2994100
2994100
56
200
2716000
2716200
58
600
2163800
2164400
59
800
1917600
1918400
60
1000
1680600
1681600
61
9900
1471900
1481800
62
18800
1283500
1302300
63
27700
1099500
1127200
64
36600
931600
968200
65
46300
771700
818000
66
125800
634200
760000
67
210800
507900
718700
68
300400
388700
689100
69
399300
280900
680200
70
526600
187700
714300
71
778400
121500
899900
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.