thetaOwl

RACE

Ferrari N.V.Close $412.44EOD only
Max Pain
$372.50
Next expiry Aug 21, 2026
Expected Move
±$7.60
1.8% from close
Price Gap
-39.94
Distance to max pain
IV Rank
17
Low premium
P/C OI
1.07
Balanced positioning
Consensus
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot

This page reflects RACE 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 — RACE
Data as of market close Aug 18, 2026

Nearest listed expiration 2026-08-21 shows max pain at $372.50 (39.94 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$372.50
Nearest expiry
Expected Move
±$7.60
±1.8%
Days to Expiry
3
Calendar days
Total Call OI
3,187
Nearest expiry
Total Put OI
3,023
Nearest expiry
P/C OI Ratio
0.95
Put-heavy
Spot Price
$412.44
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$382.508/7/2026, 11:31:24 PM
2026-08-14$400.008/14/2026, 11:31:19 PM
2026-08-21NextUpdated$372.508/18/2026, 11:37:08 PM
2026-08-28$410.008/18/2026, 11:37:08 PM
2026-09-04$390.008/18/2026, 11:37:08 PM
2026-09-11$370.008/18/2026, 11:37:08 PM
2026-09-18$380.008/18/2026, 11:37:08 PM
2026-09-25$410.008/18/2026, 11:37:08 PM
2026-10-16$390.008/18/2026, 11:37:08 PM
2026-11-20$400.008/18/2026, 11:37:08 PM
2026-12-18$370.008/18/2026, 11:37:08 PM
2027-02-19$390.008/18/2026, 11:37:08 PM
2027-06-17$380.008/18/2026, 11:37:08 PM
Selected expiration: 2026-08-21 at max pain $372.50.
RACE pain by strike for 2026-08-21 expiration
StrikeCall PainPut PainTotal Pain
18004935125049351250
19504481825044818250
21004028675040286750
22003726675037266750
23003424675034246750
24003124775031247750
25002824875028248750
26002526775025267750
27002230275022302750
28001934575019345750
29010001642475016425750
30030001368875013691750
30580001234625012354250
310135001100375011017250
3151900098052509824250
3202450086072508631750
3253150074682507499750
3303850063497506388250
3355550055747505630250
337.56400051877505251750
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.