Nearest listed expiration 2026-08-19 shows max pain at $305.00 (0.59 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$305.00
Nearest expiry
Expected Move
±$4.29
±1.4%
Days to Expiry
2
Calendar days
Total Call OI
18,781
Nearest expiry
Total Put OI
7,700
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$305.59
Published close
Consensus
8.5/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-19
Expiration
Max Pain Strike
Last Updated
2026-08-14
$305.00
8/14/2026, 11:01:23 PM
2026-08-17Updated
$305.00
8/17/2026, 11:01:24 PM
2026-08-19Next
$305.00
8/17/2026, 11:01:24 PM
2026-08-21
$300.00
8/17/2026, 11:01:24 PM
2026-08-24
$302.50
8/17/2026, 11:01:24 PM
2026-08-26
$297.50
8/17/2026, 11:01:24 PM
2026-08-28
$305.00
8/17/2026, 11:01:24 PM
2026-09-04
$305.00
8/17/2026, 11:01:24 PM
2026-09-11
$300.00
8/17/2026, 11:01:24 PM
2026-09-18
$290.00
8/17/2026, 11:01:24 PM
2026-09-25
$300.00
8/17/2026, 11:01:24 PM
2026-10-02
$310.00
8/17/2026, 11:01:24 PM
2026-10-16
$300.00
8/17/2026, 11:01:24 PM
2026-11-20
$295.00
8/17/2026, 11:01:24 PM
2026-12-18
$260.00
8/17/2026, 11:01:24 PM
2027-01-15
$275.00
8/17/2026, 11:01:24 PM
2027-02-19
$290.00
8/17/2026, 11:01:24 PM
2027-03-19
$280.00
8/17/2026, 11:01:24 PM
2027-06-17
$270.00
8/17/2026, 11:01:24 PM
Selected expiration: 2026-08-19 at max pain $305.00.
AAPL pain by strike for 2026-08-19 expiration
Strike
Call Pain
Put Pain
Total Pain
205
0
71738750
71738750
215
0
64039750
64039750
240
0
44842250
44842250
245
0
41056750
41056750
250
0
37276250
37276250
255
1000
33526250
33527250
260
3000
29788250
29791250
265
5500
26053750
26059250
270
8000
22323250
22331250
275
10500
18633750
18644250
277.5
12250
16797750
16810000
280
14000
14967250
14981250
282.5
19500
13172000
13191500
285
34250
11399250
11433500
287.5
52750
9713500
9766250
290
88750
8064750
8153500
292.5
129000
6516000
6645000
295
179250
5015250
5194500
297.5
258000
3660000
3918000
300
346250
2412000
2758250
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.