This page reflects SGI 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 — SGI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (6.11 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$2.15
±3.4%
Days to Expiry
3
Calendar days
Total Call OI
28,362
Nearest expiry
Total Put OI
3,295
Nearest expiry
P/C OI Ratio
0.12
Put-heavy
Spot Price
$63.89
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
$70.00
6/18/2026, 11:34:49 PM
2026-07-17
$75.00
7/17/2026, 11:33:56 PM
2026-08-21NextUpdated
$70.00
8/18/2026, 11:40:06 PM
2026-09-18
$70.00
8/18/2026, 11:40:06 PM
2026-10-16
$67.50
8/18/2026, 11:40:06 PM
2026-11-20
$70.00
8/18/2026, 11:40:06 PM
2026-12-18
$65.00
8/18/2026, 11:40:06 PM
2027-01-15
$65.00
8/18/2026, 11:40:06 PM
2027-02-19
$65.00
8/18/2026, 11:40:06 PM
2027-03-19
$65.00
8/18/2026, 11:40:06 PM
Selected expiration: 2026-08-21 at max pain $70.00.
SGI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
9146500
9146500
45
5500
7499500
7505000
50
11000
5853000
5864000
55
16500
4212000
4228500
60
22000
2643000
2665000
65
29000
1269500
1298500
70
56000
393000
449000
75
1980000
99000
2079000
80
7867000
0
7867000
85
16656500
0
16656500
90
27328500
0
27328500
95
38128000
0
38128000
100
48954000
0
48954000
105
63090500
0
63090500
110
77243000
0
77243000
115
91423000
0
91423000
120
105603000
0
105603000
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.