This page reflects PLSE 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 — PLSE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $27.00 (19.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$27.00
Nearest expiry
Expected Move
±$2.40
±5.2%
Days to Expiry
3
Calendar days
Total Call OI
216
Nearest expiry
Total Put OI
97
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$46.00
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
$24.00
6/18/2026, 11:25:53 PM
2026-07-17
$18.00
7/17/2026, 11:29:21 PM
2026-08-21NextUpdated
$27.00
8/18/2026, 11:35:24 PM
2026-09-18
$40.00
8/18/2026, 11:35:24 PM
2026-10-16
$17.00
8/18/2026, 11:35:24 PM
2027-01-15
$20.00
8/18/2026, 11:35:24 PM
Selected expiration: 2026-08-21 at max pain $27.00.
PLSE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
128300
128300
21
0
72500
72500
22
2000
64200
66200
24
7200
47600
54800
25
12300
39300
51600
26
17500
32000
49500
27
22800
24800
47600
28
28100
20100
48200
29
34000
15600
49600
30
39900
11200
51100
31
47300
9900
57200
32
54700
8800
63500
33
62300
7700
70000
34
74700
6700
81400
35
87800
5700
93500
36
102700
5100
107800
37
119200
4500
123700
38
135800
3900
139700
40
172200
2700
174900
42
214000
1700
215700
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.