What is SE max pain this week?

SE max pain for the nearest expiration (2026-08-21) is $99.00. Total call open interest: 29,718. Total put open interest: 23,176.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options SEMax Pain

SE

Sea LimitedClose $119.10EOD only

Max Pain

$99.00

Next expiry Aug 21, 2026

Expected Move

±$3.41

2.9% from close

Price Gap

-20.10

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.80

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Aug 19, 2026 close

End-of-day snapshot

This page reflects SE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Aug 19, 2026 close

Max Pain — SE

Data as of market close Aug 19, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-08-21 shows max pain at $99.00 (20.10 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$99.00

Nearest expiry

Expected Move

±$3.41

±2.9%

Days to Expiry

Calendar days

Total Call OI

29,718

Nearest expiry

Total Put OI

23,176

Nearest expiry

P/C OI Ratio

0.78

Put-heavy

Spot Price

$119.10

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	$108.00	8/7/2026, 11:36:05 PM
2026-08-14	$114.00	8/14/2026, 11:31:50 PM
2026-08-21NextUpdated	$99.00	8/19/2026, 11:31:04 PM
2026-08-28	$115.00	8/19/2026, 11:31:04 PM
2026-09-04	$120.00	8/19/2026, 11:31:04 PM
2026-09-11	$120.00	8/19/2026, 11:31:04 PM
2026-09-18	$100.00	8/19/2026, 11:31:04 PM
2026-09-25	$120.00	8/19/2026, 11:31:04 PM
2026-10-02	$115.00	8/19/2026, 11:31:04 PM
2026-10-16	$105.00	8/19/2026, 11:31:04 PM
2026-11-20	$110.00	8/19/2026, 11:31:04 PM
2026-12-18	$120.00	8/19/2026, 11:31:04 PM
2027-01-15	$100.00	8/19/2026, 11:31:04 PM
2027-02-19	$120.00	8/19/2026, 11:31:04 PM
2027-03-19	$100.00	8/19/2026, 11:31:04 PM
2027-06-17	$110.00	8/19/2026, 11:31:04 PM

Selected expiration: 2026-08-21 at max pain $99.00.

SE pain by strike for 2026-08-21 expiration
Strike	Call Pain	Put Pain	Total Pain
40	0	121110500	121110500
42.5	1250	115350000	115351250
45	2500	109591000	109593500
47.5	4500	103842750	103847250
50	8750	98108000	98116750
55	19750	86653000	86672750
60	31250	75229500	75260750
65	48250	63852000	63900250
70	81750	52568000	52649750
72.5	105500	47235000	47340500
75	129250	41956750	42086000
77.5	164000	36870750	37034750
80	200000	32047500	32247500
82.5	247250	28286250	28533500
85	313500	24834750	25148250
87	405100	22518150	22923250
87.5	428000	21939800	22367800
88	687450	21376400	22063850
89	1206350	20251800	21458150
90	1725250	19134900	20860150

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.