This page reflects AAP options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 17, 2026 close
Max Pain — AAP
Data as of market close Aug 17, 2026
Nearest listed expiration 2026-08-21 shows max pain at $50.00 (6.72 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$7.15
±12.6%
Days to Expiry
4
Calendar days
Total Call OI
64,313
Nearest expiry
Total Put OI
7,185
Nearest expiry
P/C OI Ratio
0.11
Put-heavy
Spot Price
$56.72
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
$56.00
8/7/2026, 11:00:59 PM
2026-08-14
$50.00
8/14/2026, 11:01:09 PM
2026-08-21NextUpdated
$50.00
8/17/2026, 11:01:05 PM
2026-08-28
$56.00
8/17/2026, 11:01:05 PM
2026-09-04
$58.00
8/17/2026, 11:01:05 PM
2026-09-11
$52.00
8/17/2026, 11:01:05 PM
2026-09-18
$50.00
8/17/2026, 11:01:05 PM
2026-09-25
$55.00
8/17/2026, 11:01:05 PM
2026-10-02
$52.00
8/17/2026, 11:01:05 PM
2026-12-18
$50.00
8/17/2026, 11:01:05 PM
2027-01-15
$45.00
8/17/2026, 11:01:05 PM
2027-03-19
$50.00
8/17/2026, 11:01:05 PM
2027-06-17
$40.00
8/17/2026, 11:01:05 PM
Selected expiration: 2026-08-21 at max pain $50.00.
AAP pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
12839900
12839900
35
2000
9247400
9249400
37.5
3000
7455900
7458900
40
4250
5706900
5711150
41
4950
5137400
5142350
42
5950
4575400
4581350
42.5
6500
4297650
4304150
43
7150
4033100
4040250
44
8650
3541600
3550250
45
10250
3053400
3063650
46
12350
2658600
2670950
47
14450
2270400
2284850
47.5
15500
2082800
2098300
48
16800
1913550
1930350
48.5
18500
1747900
1766400
49
20300
1583100
1603400
49.5
22650
1436950
1459600
50
25500
1291900
1317400
51
971700
1060500
2032200
52
1918900
847400
2766300
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.