This page reflects ACI 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 — ACI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $11.00 (1.21 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$0.38
±3.1%
Days to Expiry
3
Calendar days
Total Call OI
8,835
Nearest expiry
Total Put OI
4,611
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$12.21
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
$11.50
8/7/2026, 11:01:32 PM
2026-08-14
$12.00
8/14/2026, 11:01:16 PM
2026-08-21NextUpdated
$11.00
8/18/2026, 11:01:37 PM
2026-08-28
$12.00
8/18/2026, 11:01:37 PM
2026-09-04
$12.00
8/18/2026, 11:01:37 PM
2026-09-11
$12.00
8/18/2026, 11:01:37 PM
2026-09-18
$11.00
8/18/2026, 11:01:37 PM
2026-09-25
$4.00
8/18/2026, 11:01:37 PM
2026-10-16
$12.00
8/18/2026, 11:01:37 PM
2027-01-15
$13.00
8/18/2026, 11:01:37 PM
Selected expiration: 2026-08-21 at max pain $11.00.
ACI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
4898100
4898100
3
2600
3976100
3978700
4
4400
3515300
3519700
5
6200
3054600
3060800
6
8800
2594000
2602800
7
11800
2134100
2145900
8
14900
1674300
1689200
9
18200
1214700
1232900
9.5
19950
985600
1005550
10
21900
761450
783350
10.5
26900
553300
580200
11
32350
358600
390950
11.5
153050
244200
397250
12
295350
143750
439100
12.5
458550
75250
533800
13
660950
9300
670250
13.5
892300
7250
899550
14
1123700
5650
1129350
14.5
1382950
4750
1387700
15
1642300
4100
1646400
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.