This page reflects AAON 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 — AAON
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $85.00 (2.94 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$5.12
±6.3%
Days to Expiry
3
Calendar days
Total Call OI
3,968
Nearest expiry
Total Put OI
1,184
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$82.06
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
$130.00
6/18/2026, 11:01:10 PM
2026-07-17
$100.00
7/17/2026, 11:01:12 PM
2026-08-21NextUpdated
$85.00
8/18/2026, 11:01:06 PM
2026-09-18
$90.00
8/18/2026, 11:01:06 PM
2026-10-16
$60.00
8/18/2026, 11:01:06 PM
2026-12-18
$90.00
8/18/2026, 11:01:06 PM
2027-01-15
$110.00
8/18/2026, 11:01:06 PM
2027-03-19
$100.00
8/18/2026, 11:01:06 PM
Selected expiration: 2026-08-21 at max pain $85.00.
AAON pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
2253500
2253500
65
0
1667000
1667000
70
1500
1117500
1119000
75
42000
610000
652000
80
82500
164000
246500
85
124000
79000
203000
90
215500
38500
254000
95
394500
16500
411000
100
652500
6000
658500
105
1059500
2000
1061500
110
1603000
0
1603000
115
2332500
0
2332500
120
3582500
0
3582500
125
5049500
0
5049500
130
6520500
0
6520500
135
8023500
0
8023500
140
9894500
0
9894500
145
11785000
0
11785000
150
13747500
0
13747500
155
15723500
0
15723500
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.