Par Pacific Holdings, Inc. CommClose $80.51EOD only
Max Pain
$70.00
Next expiry Aug 21, 2026
Expected Move
±$3.70
4.6% from close
Price Gap
-10.51
Distance to max pain
IV Rank
14
Low premium
P/C OI
0.16
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects PARR 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 — PARR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (10.51 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$3.70
±4.6%
Days to Expiry
3
Calendar days
Total Call OI
1,843
Nearest expiry
Total Put OI
312
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$80.51
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, 11:27:26 PM
2026-07-17
$60.00
7/17/2026, 11:31:20 PM
2026-08-21NextUpdated
$70.00
8/18/2026, 11:33:03 PM
2026-09-18
$60.00
8/18/2026, 11:33:03 PM
2026-10-16
$50.00
8/18/2026, 11:33:03 PM
2026-12-18
$55.00
8/18/2026, 11:33:03 PM
2027-01-15
$70.00
8/18/2026, 11:33:03 PM
2027-03-19
$65.00
8/18/2026, 11:33:03 PM
2027-05-21
$75.00
8/18/2026, 11:33:03 PM
Selected expiration: 2026-08-21 at max pain $70.00.
PARR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
880000
880000
45
0
724000
724000
50
1500
572000
573500
55
5500
434000
439500
60
22500
298500
321000
65
66500
175000
241500
70
139000
87000
226000
75
243500
34500
278000
80
426500
7500
434000
85
689500
500
690000
90
1148000
0
1148000
95
2016000
0
2016000
100
2921000
0
2921000
105
3838500
0
3838500
110
4759000
0
4759000
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.