This page reflects SLG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — SLG
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $50.00 (7.65 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$1.95
±3.4%
Days to Expiry
2
Calendar days
Total Call OI
2,527
Nearest expiry
Total Put OI
3,379
Nearest expiry
P/C OI Ratio
1.34
Put-heavy
Spot Price
$57.65
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
$45.00
6/18/2026, 11:31:57 PM
2026-07-17
$50.00
7/17/2026, 11:37:25 PM
2026-08-21NextUpdated
$50.00
8/19/2026, 11:33:42 PM
2026-09-18
$52.50
8/19/2026, 11:33:42 PM
2026-10-16
$50.00
8/19/2026, 11:33:42 PM
2026-11-20
$40.00
8/19/2026, 11:33:42 PM
2026-12-18
$65.00
8/19/2026, 11:33:42 PM
2027-01-15
$50.00
8/19/2026, 11:33:42 PM
2027-02-19
$55.00
8/19/2026, 11:33:42 PM
Selected expiration: 2026-08-21 at max pain $50.00.
SLG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
7954750
7954750
22.5
0
7112250
7112250
25
0
6270750
6270750
27.5
0
5434500
5434500
30
0
4599250
4599250
32.5
0
3786250
3786250
35
0
2994750
2994750
37.5
250
2237250
2237500
40
3500
1557750
1561250
42.5
23750
921500
945250
45
75750
534250
610000
47.5
205750
279000
484750
50
374000
80250
454250
52.5
596750
23500
620250
55
987000
1250
988250
57.5
1434000
250
1434250
60
1904500
0
1904500
62.5
2459250
0
2459250
65
3015500
0
3015500
70
4221000
0
4221000
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.