This page reflects OKE 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 — OKE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $90.00 (7.07 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$2.92
±3.0%
Days to Expiry
3
Calendar days
Total Call OI
12,102
Nearest expiry
Total Put OI
8,415
Nearest expiry
P/C OI Ratio
0.70
Put-heavy
Spot Price
$97.07
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
$85.00
6/18/2026, 11:25:30 PM
2026-07-17
$85.00
7/17/2026, 11:27:27 PM
2026-08-21NextUpdated
$90.00
8/18/2026, 11:23:59 PM
2026-09-18
$90.00
8/18/2026, 11:23:59 PM
2026-10-16
$90.00
8/18/2026, 11:23:59 PM
2026-12-18
$85.00
8/18/2026, 11:23:59 PM
2027-01-15
$80.00
8/18/2026, 11:23:59 PM
2027-03-19
$80.00
8/18/2026, 11:23:59 PM
2027-06-17
$85.00
8/18/2026, 11:23:59 PM
Selected expiration: 2026-08-21 at max pain $90.00.
OKE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
34244500
34244500
50
0
30038000
30038000
65
1500
17420000
17421500
70
2000
13228000
13230000
75
3500
9110000
9113500
80
5000
5104000
5109000
85
132500
1557500
1690000
90
448000
272500
720500
95
1951000
0
1951000
100
5374500
0
5374500
105
10973500
0
10973500
110
16980500
0
16980500
115
23025000
0
23025000
120
29072000
0
29072000
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.