This page reflects OMER 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 — OMER
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $10.00 (7.19 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
±$0.98
±5.7%
Days to Expiry
3
Calendar days
Total Call OI
42,344
Nearest expiry
Total Put OI
16,090
Nearest expiry
P/C OI Ratio
0.38
Put-heavy
Spot Price
$17.19
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
$11.00
6/18/2026, 11:26:30 PM
2026-07-17
$11.00
7/17/2026, 11:25:53 PM
2026-08-21NextUpdated
$10.00
8/18/2026, 11:27:35 PM
2026-09-18
$15.00
8/18/2026, 11:27:35 PM
2026-11-20
$12.00
8/18/2026, 11:27:35 PM
2026-12-18
$10.00
8/18/2026, 11:27:35 PM
2027-01-15
$7.00
8/18/2026, 11:27:35 PM
2027-02-19
$2.00
8/18/2026, 11:27:35 PM
Selected expiration: 2026-08-21 at max pain $10.00.
OMER pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
13794300
13794300
3
0
10576300
10576300
4
100
8967300
8967400
5
3000
7358400
7361400
6
14900
5767000
5781900
7
26800
4187400
4214200
8
40200
2703800
2744000
9
124200
1333000
1457200
10
264000
825600
1089600
11
925400
510400
1435800
12
1807500
284100
2091600
13
2864900
157100
3022000
14
4147800
93300
4241100
15
5714700
54600
5769300
16
7708000
27700
7735700
17
9855600
6000
9861600
18
12147300
0
12147300
19
14630300
0
14630300
20
17139900
0
17139900
21
20305400
0
20305400
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.