This page reflects PKX 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 — PKX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $55.00 (2.02 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$2.60
±4.6%
Days to Expiry
3
Calendar days
Total Call OI
603
Nearest expiry
Total Put OI
190
Nearest expiry
P/C OI Ratio
0.32
Put-heavy
Spot Price
$57.02
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
$60.00
6/18/2026, 11:31:25 PM
2026-07-17
$60.00
7/17/2026, 11:28:43 PM
2026-08-21NextUpdated
$55.00
8/18/2026, 11:30:16 PM
2026-09-18
$55.00
8/18/2026, 11:30:16 PM
2026-11-20
$60.00
8/18/2026, 11:30:16 PM
2027-02-19
$55.00
8/18/2026, 11:30:16 PM
Selected expiration: 2026-08-21 at max pain $55.00.
PKX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
409000
409000
35
0
315000
315000
40
8500
222500
231000
45
17000
133000
150000
50
29000
84500
113500
55
43000
47000
90000
60
176000
25000
201000
65
317000
18500
335500
70
547500
13500
561000
75
814500
9000
823500
80
1091000
5000
1096000
85
1372000
2500
1374500
90
1670000
0
1670000
95
1970500
0
1970500
100
2271000
0
2271000
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.