This page reflects AFL 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 — AFL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $119.00 (2.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$119.00
Nearest expiry
Expected Move
±$1.97
±1.6%
Days to Expiry
3
Calendar days
Total Call OI
9,775
Nearest expiry
Total Put OI
3,298
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$121.73
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
$125.00
8/7/2026, 11:02:05 PM
2026-08-14
$118.00
8/14/2026, 11:01:51 PM
2026-08-21NextUpdated
$119.00
8/18/2026, 11:01:52 PM
2026-08-28
$125.00
8/18/2026, 11:01:52 PM
2026-09-04
$122.00
8/18/2026, 11:01:52 PM
2026-09-11
$118.00
8/18/2026, 11:01:52 PM
2026-09-18
$115.00
8/18/2026, 11:01:52 PM
2026-09-25
$120.00
8/18/2026, 11:01:52 PM
2026-10-02
$120.00
8/18/2026, 11:01:52 PM
2026-11-20
$125.00
8/18/2026, 11:01:52 PM
2026-12-18
$120.00
8/18/2026, 11:01:52 PM
2027-01-15
$115.00
8/18/2026, 11:01:52 PM
2027-02-19
$110.00
8/18/2026, 11:01:52 PM
2027-03-19
$125.00
8/18/2026, 11:01:52 PM
2027-06-17
$115.00
8/18/2026, 11:01:52 PM
Selected expiration: 2026-08-21 at max pain $119.00.
AFL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
18832500
18832500
60
2000
17184500
17186500
65
6000
15536500
15542500
70
10500
13888500
13899000
75
15500
12240500
12256000
80
21000
10592500
10613500
85
27000
8946000
8973000
90
33500
7340000
7373500
95
40000
5738000
5778000
100
47000
4284000
4331000
105
179000
2900500
3079500
110
327000
1615000
1942000
112
401600
1276400
1678000
113
439900
1107200
1547100
114
478200
938200
1416400
115
516500
769300
1285800
116
587500
632900
1220400
117
663700
500300
1164000
118
740200
413000
1153200
119
816700
333400
1150100
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.