This page reflects SEZL 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 — SEZL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $120.00 (2.82 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
±$6.75
±5.8%
Days to Expiry
3
Calendar days
Total Call OI
13,516
Nearest expiry
Total Put OI
3,506
Nearest expiry
P/C OI Ratio
0.26
Put-heavy
Spot Price
$117.18
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
8/18/2026, 11:35:34 PM
2026-09-18
$125.00
8/18/2026, 11:35:34 PM
2026-10-16
$110.00
8/18/2026, 11:35:34 PM
2026-11-20
$115.00
8/18/2026, 11:35:34 PM
2026-12-18
$90.00
8/18/2026, 11:35:34 PM
2027-01-15
$75.00
8/18/2026, 11:35:34 PM
2027-02-19
$125.00
8/18/2026, 11:35:34 PM
2027-03-19
$120.00
8/18/2026, 11:35:34 PM
2027-04-16
$140.00
8/18/2026, 11:35:34 PM
2027-05-21
$100.00
8/18/2026, 11:35:34 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
33759000
33759000
35
1500
32008500
32010000
40
5000
30260500
30265500
45
8500
28514000
28522500
50
13000
26768500
26781500
55
19000
25032500
25051500
60
25000
23309000
23334000
65
35500
21597000
21632500
70
56500
19892500
19949000
75
82000
18201500
18283500
80
113000
16533500
16646500
85
170500
14945500
15116000
90
235500
13370500
13606000
95
317500
11822000
12139500
100
420500
10297000
10717500
105
694500
8820000
9514500
110
1025000
7466000
8491000
115
1389500
6301000
7690500
120
1889500
5203500
7093000
125
2924500
4249500
7174000
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.