This page reflects PLUG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 20, 2026 close
Max Pain — PLUG
Data as of market close Aug 20, 2026
Nearest listed expiration 2026-08-21 shows max pain at $2.00 (0.20 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$2.00
Nearest expiry
Expected Move
±$0.19
±8.6%
Days to Expiry
1
Calendar days
Total Call OI
37,262
Nearest expiry
Total Put OI
10,465
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$2.20
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
2026-08-07
$2.00
8/7/2026, 11:30:13 PM
2026-08-14
$2.00
8/14/2026, 11:30:54 PM
2026-08-21NextUpdated
$2.00
8/20/2026, 11:28:17 PM
2026-08-28
$2.00
8/20/2026, 11:28:17 PM
2026-09-04
$2.00
8/20/2026, 11:28:17 PM
2026-09-11
$2.00
8/20/2026, 11:28:17 PM
2026-09-18
$3.00
8/20/2026, 11:28:17 PM
2026-09-25
$2.00
8/20/2026, 11:28:17 PM
2026-10-02
$2.00
8/20/2026, 11:28:17 PM
2026-12-18
$2.50
8/20/2026, 11:28:17 PM
2027-01-15
$1.50
8/20/2026, 11:28:17 PM
2027-03-19
$2.00
8/20/2026, 11:28:17 PM
Selected expiration: 2026-08-21 at max pain $2.00.
PLUG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
1610500
1610500
1
750
1087600
1088350
1.5
2750
571850
574600
2
13300
128100
141400
2.5
241250
23450
264700
3
1277100
12350
1289450
3.5
2807650
7200
2814850
4
4450000
2500
4452500
4.5
6235250
700
6235950
5
8053050
100
8053150
5.5
9898400
0
9898400
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.