This page reflects ACLS 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 — ACLS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $140.00 (4.61 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$7.97
±5.9%
Days to Expiry
3
Calendar days
Total Call OI
3,722
Nearest expiry
Total Put OI
1,233
Nearest expiry
P/C OI Ratio
0.33
Put-heavy
Spot Price
$135.39
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
$125.00
6/18/2026, 11:01:31 PM
2026-07-17
$150.00
7/17/2026, 11:02:48 PM
2026-08-21NextUpdated
$140.00
8/18/2026, 11:01:31 PM
2026-09-18
$130.00
8/18/2026, 11:01:31 PM
2026-11-20
$85.00
8/18/2026, 11:01:31 PM
2026-12-18
$130.00
8/18/2026, 11:01:31 PM
2027-03-19
$120.00
8/18/2026, 11:01:31 PM
Selected expiration: 2026-08-21 at max pain $140.00.
ACLS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
10511500
10511500
45
0
9897500
9897500
50
0
9293000
9293000
55
500
8692500
8693000
60
1500
8097500
8099000
65
2500
7512500
7515000
70
3500
6940000
6943500
75
4500
6373000
6377500
80
11500
5813000
5824500
85
19500
5270000
5289500
90
27500
4735000
4762500
95
40500
4240500
4281000
100
58000
3760500
3818500
105
89500
3301500
3391000
110
124000
2857000
2981000
115
184500
2427000
2611500
120
263000
2021000
2284000
125
350500
1646000
1996500
130
443500
1326000
1769500
135
549500
1042000
1591500
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.