This page reflects A 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 — A
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $135.00 (13.44 below 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
±$3.65
±2.5%
Days to Expiry
3
Calendar days
Total Call OI
4,290
Nearest expiry
Total Put OI
2,721
Nearest expiry
P/C OI Ratio
0.63
Put-heavy
Spot Price
$148.44
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
$125.00
6/18/2026, 11:00:58 PM
2026-07-17
$130.00
7/17/2026, 11:01:00 PM
2026-08-21NextUpdated
$135.00
8/18/2026, 11:00:58 PM
2026-09-18
$135.00
8/18/2026, 11:00:58 PM
2026-10-16
$140.00
8/18/2026, 11:00:58 PM
2026-11-20
$125.00
8/18/2026, 11:00:58 PM
2026-12-18
$130.00
8/18/2026, 11:00:58 PM
2027-01-15
$115.00
8/18/2026, 11:00:58 PM
2027-02-19
$110.00
8/18/2026, 11:00:58 PM
2027-03-19
$120.00
8/18/2026, 11:00:58 PM
2027-06-17
$140.00
8/18/2026, 11:00:58 PM
Selected expiration: 2026-08-21 at max pain $135.00.
A pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
14850500
14850500
80
0
13501000
13501000
85
0
12158500
12158500
90
0
10841000
10841000
95
0
9568500
9568500
100
1500
8311000
8312500
105
5000
7136000
7141000
110
8500
6071500
6080000
115
15500
5031500
5047000
120
22500
4022500
4045000
125
53000
3131500
3184500
130
111500
2285000
2396500
135
306500
1601000
1907500
140
1258000
941500
2199500
145
2695500
404500
3100000
150
4269500
0
4269500
155
6112000
0
6112000
160
8066000
0
8066000
165
10199500
0
10199500
170
12341000
0
12341000
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.