This page reflects STGW 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 — STGW
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $7.00 (1.85 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.00
Nearest expiry
Expected Move
±$0.75
±8.5%
Days to Expiry
3
Calendar days
Total Call OI
1,020
Nearest expiry
Total Put OI
510
Nearest expiry
P/C OI Ratio
0.50
Put-heavy
Spot Price
$8.85
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
$5.00
6/18/2026, 11:32:17 PM
2026-07-17
$5.00
7/17/2026, 11:37:56 PM
2026-08-21NextUpdated
$7.00
8/18/2026, 11:39:26 PM
2026-09-18
$6.00
8/18/2026, 11:39:26 PM
2026-12-18
$5.00
8/18/2026, 11:39:26 PM
2027-03-19
$6.00
8/18/2026, 11:39:26 PM
Selected expiration: 2026-08-21 at max pain $7.00.
STGW pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
311900
311900
2
600
260900
261500
3
1500
209900
211400
4
2800
158900
161700
5
4300
107900
112200
6
5800
58000
63800
7
7300
8300
15600
8
29900
100
30000
9
85500
0
85500
10
171200
0
171200
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.