This page reflects ABR 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 — ABR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $8.00 (3.10 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.00
Nearest expiry
Expected Move
±$0.50
±10.2%
Days to Expiry
3
Calendar days
Total Call OI
19,205
Nearest expiry
Total Put OI
17,329
Nearest expiry
P/C OI Ratio
0.90
Put-heavy
Spot Price
$4.90
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
$5.00
8/7/2026, 11:01:20 PM
2026-08-14
$5.50
8/14/2026, 11:01:03 PM
2026-08-21NextUpdated
$8.00
8/18/2026, 11:01:12 PM
2026-08-28
$5.00
8/18/2026, 11:01:12 PM
2026-09-04
$5.00
8/18/2026, 11:01:12 PM
2026-09-11
$5.00
8/18/2026, 11:01:12 PM
2026-09-18
$5.00
8/18/2026, 11:01:12 PM
2026-09-25
$5.00
8/18/2026, 11:01:12 PM
2026-10-16
$6.00
8/18/2026, 11:01:12 PM
2027-01-15
$8.00
8/18/2026, 11:01:12 PM
Selected expiration: 2026-08-21 at max pain $8.00.
ABR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
9244800
9244800
1.5
100
8378350
8378450
2
250
7511900
7512150
2.5
500
6645450
6645950
3
750
5779000
5779750
3.5
1300
5028100
5029400
4
1950
4277200
4279150
4.5
5250
3527100
3532350
5
8550
2795550
2804100
5.5
21050
2444450
2465500
6
61450
2093650
2155100
6.5
170400
1744100
1914500
7
279350
1394650
1674000
7.5
491450
1059650
1551100
8
703600
724700
1428300
8.5
943350
675150
1618500
9
1183100
625600
1808700
9.5
1487900
576800
2064700
10
1792700
528000
2320700
11
2730000
431300
3161300
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.