This page reflects STE 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 — STE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $230.00 (2.39 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$230.00
Nearest expiry
Expected Move
±$5.78
±2.5%
Days to Expiry
3
Calendar days
Total Call OI
504
Nearest expiry
Total Put OI
789
Nearest expiry
P/C OI Ratio
1.57
Put-heavy
Spot Price
$232.39
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
$210.00
6/18/2026, 11:30:30 PM
2026-07-17
$210.00
7/17/2026, 11:35:31 PM
2026-08-21NextUpdated
$230.00
8/18/2026, 11:31:13 PM
2026-09-18
$210.00
8/18/2026, 11:31:13 PM
2026-12-18
$195.00
8/18/2026, 11:31:13 PM
2027-03-19
$200.00
8/18/2026, 11:31:13 PM
Selected expiration: 2026-08-21 at max pain $230.00.
STE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
140
0
6411000
6411000
145
500
6016500
6017000
175
6500
3649500
3656000
190
9500
2467500
2477000
195
10500
2077000
2087500
200
11500
1688000
1699500
210
13500
919000
932500
220
16500
455000
471500
230
43500
0
43500
240
189500
0
189500
250
648500
0
648500
260
1145500
0
1145500
280
2153500
0
2153500
300
3161500
0
3161500
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.