Zebra Technologies CorporationClose $366.42EOD only
Max Pain
$320.00
Next expiry Aug 21, 2026
Expected Move
±$10.72
2.9% from close
Price Gap
-46.42
Distance to max pain
IV Rank
62
High premium
P/C OI
1.72
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects ZBRA 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 — ZBRA
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $320.00 (46.42 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$320.00
Nearest expiry
Expected Move
±$10.72
±2.9%
Days to Expiry
3
Calendar days
Total Call OI
3,453
Nearest expiry
Total Put OI
5,807
Nearest expiry
P/C OI Ratio
1.68
Put-heavy
Spot Price
$366.42
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
$220.00
6/18/2026, 11:38:59 PM
2026-07-17
$250.00
7/17/2026, 11:40:43 PM
2026-08-21NextUpdated
$320.00
8/18/2026, 11:44:04 PM
2026-09-18
$370.00
8/18/2026, 11:44:04 PM
2026-11-20
$310.00
8/18/2026, 11:44:04 PM
2026-12-18
$250.00
8/18/2026, 11:44:04 PM
2027-02-19
$330.00
8/18/2026, 11:44:04 PM
Selected expiration: 2026-08-21 at max pain $320.00.
ZBRA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
81072000
81072000
125
0
72369000
72369000
135
0
66569000
66569000
140
0
63670000
63670000
145
0
60771500
60771500
150
0
57873000
57873000
155
0
54977000
54977000
160
0
52082000
52082000
165
1000
49190500
49191500
170
2000
46303000
46305000
175
7000
43446500
43453500
180
12000
40595000
40607000
185
18000
37760500
37778500
190
24000
34936000
34960000
195
30000
32123000
32153000
200
36000
29359000
29395000
210
69000
24070000
24139000
220
150000
20515000
20665000
230
245000
17076000
17321000
240
372000
13695000
14067000
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.