This page reflects SION 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 — SION
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $5.00 (0.94 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$5.00
Nearest expiry
Expected Move
±$0.78
±13.1%
Days to Expiry
3
Calendar days
Total Call OI
2,399
Nearest expiry
Total Put OI
216
Nearest expiry
P/C OI Ratio
0.09
Put-heavy
Spot Price
$5.94
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
$40.00
6/18/2026, 11:28:53 PM
2026-07-17
$40.00
7/17/2026, 11:36:43 PM
2026-08-21NextUpdated
$5.00
8/18/2026, 11:29:32 PM
2026-09-18
$35.00
8/18/2026, 11:29:32 PM
2026-10-16
$17.50
8/18/2026, 11:29:32 PM
2027-01-15
$7.50
8/18/2026, 11:29:32 PM
Selected expiration: 2026-08-21 at max pain $5.00.
SION pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
29750
29750
5
0
10500
10500
7.5
61500
9250
70750
10
299250
8000
307250
12.5
546250
6750
553000
15
795500
6000
801500
17.5
1046500
5250
1051750
20
1338500
4500
1343000
22.5
1630750
3750
1634500
25
1923000
3000
1926000
30
2517500
2000
2519500
35
3118000
1000
3119000
40
3723000
0
3723000
45
4328500
0
4328500
50
4936000
0
4936000
55
5987000
0
5987000
60
7059000
0
7059000
65
8157000
0
8157000
70
9354500
0
9354500
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.