This page reflects STLA 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 — STLA
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $5.50 (0.07 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$5.50
Nearest expiry
Expected Move
±$0.17
±3.2%
Days to Expiry
2
Calendar days
Total Call OI
7,297
Nearest expiry
Total Put OI
4,509
Nearest expiry
P/C OI Ratio
0.62
Put-heavy
Spot Price
$5.43
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
2026-08-07
$5.50
8/7/2026, 11:32:54 PM
2026-08-14
$5.50
8/14/2026, 11:32:04 PM
2026-08-21NextUpdated
$5.50
8/19/2026, 11:34:42 PM
2026-08-28
$3.50
8/19/2026, 11:34:42 PM
2026-09-04
$5.00
8/19/2026, 11:34:42 PM
2026-09-11
$2.50
8/19/2026, 11:34:42 PM
2026-09-18
$6.00
8/19/2026, 11:34:42 PM
2026-09-25
$2.00
8/19/2026, 11:34:42 PM
2026-10-02
$1.50
8/19/2026, 11:34:42 PM
2026-12-18
$6.00
8/19/2026, 11:34:42 PM
2027-01-15
$6.00
8/19/2026, 11:34:42 PM
2027-03-19
$6.00
8/19/2026, 11:34:42 PM
2027-06-17
$8.00
8/19/2026, 11:34:42 PM
Selected expiration: 2026-08-21 at max pain $5.50.
STLA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
1997650
1997650
2
400
1546750
1547150
3
1000
1095850
1096850
4
1700
644950
646650
4.5
4800
422800
427600
5
9250
203550
212800
5.5
49100
83750
132850
6
180300
26550
206850
6.5
448450
17900
466350
7
747200
9650
756850
7.5
1095900
6350
1102250
8
1447600
3200
1450800
8.5
1809550
2350
1811900
9
2171500
1550
2173050
9.5
2535800
800
2536600
10
2900100
100
2900200
10.5
3264900
0
3264900
11
3629700
0
3629700
11.5
3994500
0
3994500
12
4359300
0
4359300
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.