Adaptive Biotechnologies CorporClose $24.56EOD only
Max Pain
$2.50
Next expiry Aug 21, 2026
Expected Move
±$2.00
8.1% from close
Price Gap
-22.06
Distance to max pain
IV Rank
35
Middle-high premium
P/C OI
0.17
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects ADPT 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 — ADPT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $2.50 (22.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$2.50
Nearest expiry
Expected Move
±$2.00
±8.1%
Days to Expiry
3
Calendar days
Total Call OI
1,890
Nearest expiry
Total Put OI
445
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$24.56
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
$15.00
6/18/2026, 11:02:08 PM
2026-07-17
$2.50
7/17/2026, 11:01:21 PM
2026-08-21NextUpdated
$2.50
8/18/2026, 11:02:14 PM
2026-09-18
$22.50
8/18/2026, 11:02:14 PM
2026-10-16
$17.50
8/18/2026, 11:02:14 PM
2027-01-15
$15.00
8/18/2026, 11:02:14 PM
Selected expiration: 2026-08-21 at max pain $2.50.
ADPT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
808250
808250
5
170500
697000
867500
7.5
348250
594500
942750
12.5
704750
389500
1094250
15
883250
287500
1170750
17.5
1062500
186500
1249000
20
1242750
91750
1334500
22.5
1432250
18250
1450500
25
1762250
1000
1763250
30
2681250
0
2681250
35
3616750
0
3616750
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.