This page reflects AG 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 — AG
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $17.00 (1.48 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.00
Nearest expiry
Expected Move
±$0.89
±4.8%
Days to Expiry
3
Calendar days
Total Call OI
96,141
Nearest expiry
Total Put OI
41,706
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$18.48
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
$15.50
8/7/2026, 11:02:06 PM
2026-08-14
$18.50
8/14/2026, 11:02:10 PM
2026-08-21NextUpdated
$17.00
8/18/2026, 11:02:14 PM
2026-08-28
$17.50
8/18/2026, 11:02:14 PM
2026-09-04
$18.50
8/18/2026, 11:02:14 PM
2026-09-11
$17.00
8/18/2026, 11:02:14 PM
2026-09-18
$17.00
8/18/2026, 11:02:14 PM
2026-09-25
$17.00
8/18/2026, 11:02:14 PM
2026-10-16
$18.00
8/18/2026, 11:02:14 PM
2026-12-18
$15.00
8/18/2026, 11:02:14 PM
2027-01-15
$15.00
8/18/2026, 11:02:14 PM
2027-03-19
$20.00
8/18/2026, 11:02:14 PM
2027-06-17
$20.00
8/18/2026, 11:02:14 PM
Selected expiration: 2026-08-21 at max pain $17.00.
AG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
65379900
65379900
2
100
61209300
61209400
3
200
57038700
57038900
4
400
52868100
52868500
5
800
48697500
48698300
6
2900
44526900
44529800
7
5700
40356300
40362000
8
8800
36185700
36194500
9
12300
32017100
32029400
10
16200
27862300
27878500
11
20600
23729400
23750000
11.5
23450
21672050
21695500
12
26300
19614850
19641150
12.5
33550
17685650
17719200
13
40850
15758900
15799750
13.5
49750
13907300
13957050
14
59050
12063200
12122250
14.5
80950
10334550
10415500
15
104450
8821500
8925950
15.5
158700
7644500
7803200
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.