This page reflects ADI 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 — ADI
Data as of market close Aug 17, 2026
Nearest listed expiration 2026-08-21 shows max pain at $382.50 (7.78 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$382.50
Nearest expiry
Expected Move
±$24.40
±6.3%
Days to Expiry
4
Calendar days
Total Call OI
7,590
Nearest expiry
Total Put OI
8,375
Nearest expiry
P/C OI Ratio
1.10
Put-heavy
Spot Price
$390.28
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
$375.00
8/7/2026, 11:02:03 PM
2026-08-14
$382.50
8/14/2026, 11:01:50 PM
2026-08-21NextUpdated
$382.50
8/17/2026, 11:01:58 PM
2026-08-28
$380.00
8/17/2026, 11:01:58 PM
2026-09-04
$375.00
8/17/2026, 11:01:58 PM
2026-09-11
$390.00
8/17/2026, 11:01:58 PM
2026-09-18
$350.00
8/17/2026, 11:01:58 PM
2026-09-25
$380.00
8/17/2026, 11:01:58 PM
2026-10-02
$385.00
8/17/2026, 11:01:58 PM
2026-12-18
$380.00
8/17/2026, 11:01:58 PM
2027-01-15
$380.00
8/17/2026, 11:01:58 PM
2027-03-19
$430.00
8/17/2026, 11:01:58 PM
2027-06-17
$220.00
8/17/2026, 11:01:58 PM
Selected expiration: 2026-08-21 at max pain $382.50.
ADI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
260
0
100391000
100391000
270
1000
89856000
89857000
280
10000
79381000
79391000
290
20000
69161000
69181000
300
30000
59080000
59110000
305
37500
54222000
54259500
310
46000
49374500
49420500
315
64000
44642500
44706500
320
83000
39930000
40013000
325
117500
35446500
35564000
330
156500
31001500
31158000
335
197500
26714500
26912000
340
238500
22504500
22743000
345
297500
18393500
18691000
347.5
327500
16356250
16683750
350
357500
14327750
14685250
352.5
392000
12622500
13014500
355
426500
10943000
11369500
357.5
491000
9423750
9914750
360
555750
7941250
8497000
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.