This page reflects STZ 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 — STZ
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $135.00 (4.00 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$135.00
Nearest expiry
Expected Move
±$2.27
±1.7%
Days to Expiry
3
Calendar days
Total Call OI
10,096
Nearest expiry
Total Put OI
6,959
Nearest expiry
P/C OI Ratio
0.69
Put-heavy
Spot Price
$131.00
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
$131.00
8/7/2026, 11:32:02 PM
2026-08-14
$134.00
8/14/2026, 11:32:48 PM
2026-08-21NextUpdated
$135.00
8/18/2026, 11:35:50 PM
2026-08-28
$132.00
8/18/2026, 11:35:50 PM
2026-09-04
$136.00
8/18/2026, 11:35:50 PM
2026-09-11
$139.00
8/18/2026, 11:35:50 PM
2026-09-18
$135.00
8/18/2026, 11:35:50 PM
2026-09-25
$132.00
8/18/2026, 11:35:50 PM
2026-10-16
$140.00
8/18/2026, 11:35:50 PM
2026-11-20
$130.00
8/18/2026, 11:35:50 PM
2026-12-18
$150.00
8/18/2026, 11:35:50 PM
2027-01-15
$150.00
8/18/2026, 11:35:50 PM
2027-03-19
$140.00
8/18/2026, 11:35:50 PM
2027-06-17
$135.00
8/18/2026, 11:35:50 PM
Selected expiration: 2026-08-21 at max pain $135.00.
STZ pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
32934000
32934000
85
1000
29454500
29455500
90
3000
25975000
25978000
95
5000
22497000
22502000
100
7000
19029500
19036500
105
9000
15562500
15571500
110
11000
12099000
12110000
115
13000
8739000
8752000
118
14200
6906600
6920800
119
14700
6307100
6321800
120
15300
5708000
5723300
121
26300
5243500
5269800
122
37300
4780200
4817500
123
48400
4318300
4366700
124
59800
3861200
3921000
125
71300
3409100
3480400
126
85000
2992400
3077400
127
98700
2583900
2682600
128
112900
2192700
2305600
129
127300
1813300
1940600
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.