This page reflects SEZL 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 — SEZL
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $120.00 (1.03 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$4.75
±4.0%
Days to Expiry
2
Calendar days
Total Call OI
13,478
Nearest expiry
Total Put OI
2,923
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$118.97
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
$105.00
6/18/2026, 11:31:34 PM
2026-07-17
$120.00
7/17/2026, 11:32:27 PM
2026-08-21NextUpdated
$120.00
8/19/2026, 11:33:25 PM
2026-09-18
$125.00
8/19/2026, 11:33:25 PM
2026-10-16
$120.00
8/19/2026, 11:33:25 PM
2026-11-20
$115.00
8/19/2026, 11:33:25 PM
2026-12-18
$95.00
8/19/2026, 11:33:25 PM
2027-01-15
$75.00
8/19/2026, 11:33:25 PM
2027-02-19
$125.00
8/19/2026, 11:33:25 PM
2027-03-19
$120.00
8/19/2026, 11:33:25 PM
2027-04-16
$140.00
8/19/2026, 11:33:25 PM
2027-05-21
$100.00
8/19/2026, 11:33:25 PM
Selected expiration: 2026-08-21 at max pain $120.00.
SEZL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
26319500
26319500
35
1500
24860500
24862000
40
5000
23404000
23409000
45
8500
21949000
21957500
50
13000
20495000
20508000
55
19000
19050500
19069500
60
25000
17618500
17643500
65
35500
16198000
16233500
70
56500
14785000
14841500
75
82000
13385500
13467500
80
113000
12009500
12122500
85
170500
10713500
10884000
90
235500
9430500
9666000
95
317500
8174000
8491500
100
420500
6941000
7361500
105
694500
5753000
6447500
110
1024500
4688000
5712500
115
1388500
3812000
5200500
120
1887000
3020500
4907500
125
2921000
2361000
5282000
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.