This page reflects SHAK 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 — SHAK
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $65.00 (5.99 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$2.62
±3.7%
Days to Expiry
3
Calendar days
Total Call OI
4,819
Nearest expiry
Total Put OI
2,863
Nearest expiry
P/C OI Ratio
0.59
Put-heavy
Spot Price
$70.99
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
$60.00
8/7/2026, 11:31:46 PM
2026-08-14
$50.00
8/14/2026, 11:35:06 PM
2026-08-21NextUpdated
$65.00
8/18/2026, 11:40:03 PM
2026-08-28
$66.00
8/18/2026, 11:40:03 PM
2026-09-04
$68.00
8/18/2026, 11:40:03 PM
2026-09-11
$66.00
8/18/2026, 11:40:03 PM
2026-09-18
$70.00
8/18/2026, 11:40:03 PM
2026-09-25
$67.00
8/18/2026, 11:40:03 PM
2026-10-02
$60.00
8/18/2026, 11:40:03 PM
2026-11-20
$65.00
8/18/2026, 11:40:03 PM
2026-12-18
$65.00
8/18/2026, 11:40:03 PM
2027-01-15
$75.00
8/18/2026, 11:40:03 PM
2027-03-19
$65.00
8/18/2026, 11:40:03 PM
2027-06-17
$80.00
8/18/2026, 11:40:03 PM
Selected expiration: 2026-08-21 at max pain $65.00.
SHAK pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
7181200
7181200
40
0
5750200
5750200
45
500
4351700
4352200
46
700
4091700
4092400
47
900
3831900
3832800
48
1100
3572400
3573500
50
1500
3063800
3065300
51
7300
2850700
2858000
52
13100
2639800
2652900
53
18900
2429300
2448200
54
24700
2219600
2244300
55
30500
2011100
2041600
56
49300
1837100
1886400
57
70500
1669100
1739600
58
97000
1504300
1601300
59
125000
1340800
1465800
60
155000
1180200
1335200
61
217400
1053300
1270700
62
281300
926800
1208100
63
347000
801200
1148200
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.