This page reflects SFL 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 — SFL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $10.00 (2.43 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$0.25
±2.0%
Days to Expiry
3
Calendar days
Total Call OI
3,906
Nearest expiry
Total Put OI
926
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$12.43
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
$10.00
6/18/2026, 11:30:39 PM
2026-07-17
$10.00
7/17/2026, 11:35:23 PM
2026-08-21NextUpdated
$10.00
8/18/2026, 11:40:09 PM
2026-09-18
$12.50
8/18/2026, 11:40:09 PM
2026-11-20
$10.00
8/18/2026, 11:40:09 PM
2027-02-19
$12.50
8/18/2026, 11:40:09 PM
Selected expiration: 2026-08-21 at max pain $10.00.
SFL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
722000
722000
5
250
490500
490750
7.5
500
259000
259500
10
750
59750
60500
12.5
114000
750
114750
15
1089750
500
1090250
17.5
2065500
250
2065750
20
3041500
0
3041500
22.5
4017750
0
4017750
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.