This page reflects STNG 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 — STNG
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $77.50 (1.84 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$77.50
Nearest expiry
Expected Move
±$2.30
±2.9%
Days to Expiry
3
Calendar days
Total Call OI
3,478
Nearest expiry
Total Put OI
5,149
Nearest expiry
P/C OI Ratio
1.48
Put-heavy
Spot Price
$79.34
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
$77.50
6/18/2026, 11:29:35 PM
2026-07-17
$77.50
7/17/2026, 11:34:16 PM
2026-08-21NextUpdated
$77.50
8/18/2026, 11:35:40 PM
2026-09-18
$77.50
8/18/2026, 11:35:40 PM
2026-10-16
$75.00
8/18/2026, 11:35:40 PM
2027-01-15
$55.00
8/18/2026, 11:35:40 PM
Selected expiration: 2026-08-21 at max pain $77.50.
STNG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
9350000
9350000
60
0
6834000
6834000
62.5
0
5588250
5588250
65
0
4343750
4343750
67.5
0
3142000
3142000
70
0
1979000
1979000
72.5
1750
939500
941250
75
3500
436500
440000
77.5
12500
56000
68500
80
308000
21750
329750
82.5
779000
9750
788750
85
1317250
4750
1322000
87.5
2032500
0
2032500
90
2771000
0
2771000
95
4483000
0
4483000
100
6214000
0
6214000
105
7949500
0
7949500
110
9686000
0
9686000
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.