This page reflects ZION 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 — ZION
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (1.71 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$1.45
±2.1%
Days to Expiry
2
Calendar days
Total Call OI
1,001
Nearest expiry
Total Put OI
2,989
Nearest expiry
P/C OI Ratio
2.99
Put-heavy
Spot Price
$68.29
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
$65.00
6/18/2026, 11:38:16 PM
2026-07-17
$65.00
7/17/2026, 11:39:26 PM
2026-08-21NextUpdated
$70.00
8/19/2026, 11:45:54 PM
2026-09-18
$67.50
8/19/2026, 11:45:54 PM
2026-10-16
$65.00
8/19/2026, 11:45:54 PM
2026-11-20
$60.00
8/19/2026, 11:45:54 PM
2027-01-15
$60.00
8/19/2026, 11:45:54 PM
2027-02-19
$70.00
8/19/2026, 11:45:54 PM
2027-05-21
$45.00
8/19/2026, 11:45:54 PM
Selected expiration: 2026-08-21 at max pain $70.00.
ZION pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
5915250
5915250
47.5
0
5168250
5168250
50
0
4422750
4422750
55
0
2933750
2933750
57.5
0
2246500
2246500
60
0
1595500
1595500
62.5
0
1126000
1126000
65
0
671750
671750
67.5
1500
288500
290000
70
16750
9000
25750
72.5
109500
2250
111750
75
244500
0
244500
77.5
401250
0
401250
80
644500
0
644500
82.5
893000
0
893000
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.