This page reflects AFRM 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 — AFRM
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $75.00 (1.44 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$3.05
±4.2%
Days to Expiry
3
Calendar days
Total Call OI
30,475
Nearest expiry
Total Put OI
25,923
Nearest expiry
P/C OI Ratio
0.85
Put-heavy
Spot Price
$73.56
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
2026-08-07
$76.00
8/7/2026, 11:01:59 PM
2026-08-14
$75.00
8/14/2026, 11:02:09 PM
2026-08-21NextUpdated
$75.00
8/18/2026, 11:01:59 PM
2026-08-28
$75.00
8/18/2026, 11:01:59 PM
2026-09-04
$74.00
8/18/2026, 11:01:59 PM
2026-09-11
$71.00
8/18/2026, 11:01:59 PM
2026-09-18
$75.00
8/18/2026, 11:01:59 PM
2026-09-25
$70.00
8/18/2026, 11:01:59 PM
2026-10-02
$75.00
8/18/2026, 11:01:59 PM
2026-10-16
$75.00
8/18/2026, 11:01:59 PM
2026-11-20
$70.00
8/18/2026, 11:01:59 PM
2026-12-18
$77.50
8/18/2026, 11:01:59 PM
2027-01-15
$60.00
8/18/2026, 11:01:59 PM
2027-02-19
$75.00
8/18/2026, 11:01:59 PM
2027-03-19
$72.50
8/18/2026, 11:01:59 PM
Selected expiration: 2026-08-21 at max pain $75.00.
AFRM pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
102377450
102377450
25
1250
95901700
95902950
27.5
3250
89453700
89456950
30
5750
83120200
83125950
32.5
21500
76821200
76842700
35
52750
70572450
70625200
37.5
84750
64572700
64657450
40
117250
58613200
58730450
42.5
178500
52724200
52902700
45
248250
46950700
47198950
47.5
321250
41379200
41700450
50
418750
35941450
36360200
52.5
538500
31093450
31631950
55
737500
26328200
27065700
57.5
966500
21826450
22792950
60
1246000
17617450
18863450
61
1393700
16025450
17419150
62
1541500
14435750
15977250
62.5
1615500
13642250
15257750
63
1696400
12926100
14622500
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.