Pinnacle West Capital CorporatiClose $100.15EOD only
Max Pain
$100.00
Next expiry Aug 21, 2026
Expected Move
±$2.33
2.3% from close
Price Gap
-0.15
Distance to max pain
IV Rank
26
Middle-high premium
P/C OI
0.32
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects PNW 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 — PNW
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $100.00 (0.15 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$2.33
±2.3%
Days to Expiry
3
Calendar days
Total Call OI
416
Nearest expiry
Total Put OI
65
Nearest expiry
P/C OI Ratio
0.16
Put-heavy
Spot Price
$100.15
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
$100.00
6/18/2026, 11:24:34 PM
2026-07-17
$100.00
7/17/2026, 11:25:48 PM
2026-08-21NextUpdated
$100.00
8/18/2026, 11:24:32 PM
2026-09-18
$95.00
8/18/2026, 11:24:32 PM
2026-10-16
$95.00
8/18/2026, 11:24:32 PM
2026-12-18
$90.00
8/18/2026, 11:24:32 PM
2027-01-15
$100.00
8/18/2026, 11:24:32 PM
Selected expiration: 2026-08-21 at max pain $100.00.
PNW pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
185000
185000
85
0
27500
27500
90
0
17500
17500
95
0
8500
8500
100
500
1000
1500
105
14500
0
14500
110
41500
0
41500
115
229000
0
229000
120
433500
0
433500
155
1875500
0
1875500
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.