This page reflects SLGN 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 — SLGN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $40.00 (1.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$1.48
±3.6%
Days to Expiry
3
Calendar days
Total Call OI
15,467
Nearest expiry
Total Put OI
10,023
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$41.12
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
$35.00
6/18/2026, 11:31:58 PM
2026-07-17
$40.00
7/17/2026, 11:31:47 PM
2026-08-21NextUpdated
$40.00
8/18/2026, 11:31:17 PM
2026-09-18
$40.00
8/18/2026, 11:31:17 PM
2026-11-20
$40.00
8/18/2026, 11:31:17 PM
2027-02-19
$45.00
8/18/2026, 11:31:17 PM
Selected expiration: 2026-08-21 at max pain $40.00.
SLGN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
22557000
22557000
22.5
1500
20051250
20052750
25
3750
17545500
17549250
30
8250
12535000
12543250
35
12750
7525500
7538250
40
1267250
2517000
3784250
45
5117750
12000
5129750
50
10220750
8000
10228750
55
17954250
4000
17958250
60
25687750
0
25687750
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.