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PBR

Petroleo Brasileiro S.A. PetrobClose $18.18EOD only
Max Pain
$18.50
Next expiry Aug 21, 2026
Expected Move
±$0.47
2.6% from close
Price Gap
+0.32
Distance to max pain
IV Rank
17
Low premium
P/C OI
1.09
Balanced positioning
Consensus
4/4
Partial coverage
Published snapshot: Aug 18, 2026 close
End-of-day snapshot

This page reflects PBR 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 — PBR
Data as of market close Aug 18, 2026
Open Available Reports (4/4)

Nearest listed expiration 2026-08-21 shows max pain at $18.50 (0.32 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$18.50
Nearest expiry
Expected Move
±$0.47
±2.6%
Days to Expiry
3
Calendar days
Total Call OI
148,353
Nearest expiry
Total Put OI
124,044
Nearest expiry
P/C OI Ratio
0.84
Put-heavy
Spot Price
$18.18
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-08-21
ExpirationMax Pain StrikeLast Updated
2026-08-07$18.508/7/2026, 11:25:04 PM
2026-08-14$17.508/14/2026, 11:31:42 PM
2026-08-21NextUpdated$18.508/18/2026, 11:31:21 PM
2026-08-28$17.508/18/2026, 11:31:21 PM
2026-09-04$17.508/18/2026, 11:31:21 PM
2026-09-11$18.008/18/2026, 11:31:21 PM
2026-09-18$18.008/18/2026, 11:31:21 PM
2026-09-25$18.008/18/2026, 11:31:21 PM
2026-10-02$17.008/18/2026, 11:31:21 PM
2026-10-16$19.008/18/2026, 11:31:21 PM
2026-11-20$19.008/18/2026, 11:31:21 PM
2026-12-18$15.008/18/2026, 11:31:21 PM
2027-01-15$17.008/18/2026, 11:31:21 PM
2027-02-19$17.008/18/2026, 11:31:21 PM
2027-03-19$20.008/18/2026, 11:31:21 PM
2027-06-17$17.008/18/2026, 11:31:21 PM
Selected expiration: 2026-08-21 at max pain $18.50.
PBR pain by strike for 2026-08-21 expiration
StrikeCall PainPut PainTotal Pain
50144264950144264950
6400131861150131861550
71400119457450119458850
82700107053750107056450
945009465005094654550
1069008224645082253350
1199006984335069853250
12717005746125057532950
12.51027005129010051392800
131338504511895045252800
13.51660503957705039743100
141983003403515034233450
14.52357002850330028739000
152731002297640023249500
15.53145001791555018230050
163567501285605013212800
16.5473250981845010291700
1759990067825507382450
17.592470050154505940150
18128565032866004572250
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.