This page reflects SG 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 — SG
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $6.50 (0.68 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$6.50
Nearest expiry
Expected Move
±$0.38
±6.4%
Days to Expiry
3
Calendar days
Total Call OI
15,381
Nearest expiry
Total Put OI
6,919
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$5.82
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, 11:31:51 PM
2026-08-14
$6.00
8/14/2026, 11:31:41 PM
2026-08-21NextUpdated
$6.50
8/18/2026, 11:34:22 PM
2026-08-28
$6.00
8/18/2026, 11:34:22 PM
2026-09-04
$6.00
8/18/2026, 11:34:22 PM
2026-09-11
$5.50
8/18/2026, 11:34:22 PM
2026-09-18
$6.00
8/18/2026, 11:34:22 PM
2026-09-25
$5.50
8/18/2026, 11:34:22 PM
2026-10-02
$8.00
8/18/2026, 11:34:22 PM
2026-10-16
$7.00
8/18/2026, 11:34:22 PM
2027-01-15
$8.00
8/18/2026, 11:34:22 PM
Selected expiration: 2026-08-21 at max pain $6.50.
SG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
3923400
3923400
1
800
3577450
3578250
1.5
7750
3232000
3239750
2
15050
2886550
2901600
2.5
23250
2541100
2564350
3
31500
2195650
2227150
3.5
40100
1850800
1890900
4
48950
1505950
1554900
4.5
58050
1165800
1223850
5
67300
837350
904650
5.5
81300
575450
656750
6
123200
349550
472750
6.5
209050
252250
461300
7
339350
181600
520950
7.5
519450
135250
654700
8
705050
89050
794100
8.5
978850
60900
1039750
9
1261700
32750
1294450
9.5
1621550
21000
1642550
10
1986150
9300
1995450
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.