This page reflects SBET 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 — SBET
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $5.50 (0.79 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$5.50
Nearest expiry
Expected Move
±$0.43
±6.8%
Days to Expiry
3
Calendar days
Total Call OI
15,539
Nearest expiry
Total Put OI
10,537
Nearest expiry
P/C OI Ratio
0.68
Put-heavy
Spot Price
$6.29
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
$6.00
8/7/2026, 11:31:33 PM
2026-08-14
$6.00
8/14/2026, 11:28:16 PM
2026-08-21NextUpdated
$5.50
8/18/2026, 11:29:46 PM
2026-08-28
$6.00
8/18/2026, 11:29:46 PM
2026-09-04
$6.50
8/18/2026, 11:29:46 PM
2026-09-11
$6.00
8/18/2026, 11:29:46 PM
2026-09-18
$6.00
8/18/2026, 11:29:46 PM
2026-09-25
$1.00
8/18/2026, 11:29:46 PM
2026-10-16
$7.00
8/18/2026, 11:29:46 PM
2027-01-15
$8.00
8/18/2026, 11:29:46 PM
Selected expiration: 2026-08-21 at max pain $5.50.
SBET pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
3436100
3436100
1.5
2200
2912450
2914650
2
6850
2388900
2395750
2.5
14350
1865450
1879800
3
22150
1342150
1364300
3.5
32750
989600
1022350
4
43450
637050
680500
4.5
54350
402750
457100
5
65400
179350
244750
5.5
146900
94000
240900
6
229550
30200
259750
6.5
369900
13900
383800
7
642150
8700
650850
7.5
1107350
6900
1114250
8
1607900
5450
1613350
8.5
2223100
4300
2227400
9
2848300
3200
2851500
9.5
3534850
2150
3537000
10
4227800
1100
4228900
10.5
4950000
100
4950100
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.