Suburban Propane Partners, L.P.Close $17.56EOD only
Max Pain
$20.00
Next expiry Aug 21, 2026
Expected Move
±$0.85
4.8% from close
Price Gap
+2.44
Distance to max pain
IV Rank
71
High premium
P/C OI
0.67
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects SPH 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 — SPH
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $20.00 (2.44 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$0.85
±4.8%
Days to Expiry
3
Calendar days
Total Call OI
838
Nearest expiry
Total Put OI
657
Nearest expiry
P/C OI Ratio
0.78
Put-heavy
Spot Price
$17.56
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
$17.50
6/18/2026, 11:31:27 PM
2026-07-17
$17.50
7/17/2026, 11:31:08 PM
2026-08-21NextUpdated
$20.00
8/18/2026, 11:30:48 PM
2026-09-18
$17.50
8/18/2026, 11:30:48 PM
2026-11-20
$17.50
8/18/2026, 11:30:48 PM
2027-02-19
$17.50
8/18/2026, 11:30:48 PM
Selected expiration: 2026-08-21 at max pain $20.00.
SPH pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
693750
693750
7.5
0
529500
529500
10
0
365750
365750
12.5
0
202000
202000
15
0
81750
81750
17.5
500
16000
16500
20
2750
8250
11000
22.5
87250
1000
88250
25
295000
0
295000
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.