This page reflects AGI 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 — AGI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $30.00 (2.90 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$1.18
±3.6%
Days to Expiry
3
Calendar days
Total Call OI
10,628
Nearest expiry
Total Put OI
6,869
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$32.90
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
$38.00
6/18/2026, 11:02:12 PM
2026-07-17
$30.00
7/17/2026, 11:02:10 PM
2026-08-21NextUpdated
$30.00
8/18/2026, 11:02:15 PM
2026-09-18
$33.00
8/18/2026, 11:02:15 PM
2026-12-18
$31.00
8/18/2026, 11:02:15 PM
2027-01-15
$30.00
8/18/2026, 11:02:15 PM
2027-02-19
$29.00
8/18/2026, 11:02:15 PM
2027-03-19
$30.00
8/18/2026, 11:02:15 PM
2027-04-16
$28.00
8/18/2026, 11:02:15 PM
2027-05-21
$23.00
8/18/2026, 11:02:15 PM
Selected expiration: 2026-08-21 at max pain $30.00.
AGI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
18
0
7158300
7158300
20
200
5784500
5784700
22
400
4412900
4413300
23
700
3727200
3727900
24
1000
3042200
3043200
25
1800
2365900
2367700
26
3000
1879300
1882300
27
4800
1418600
1423400
28
12100
972000
984100
29
95900
602900
698800
30
250800
272100
522900
31
524000
156600
680600
32
876500
105000
981500
33
1286700
61200
1347900
34
1729700
35400
1765100
35
2226200
13600
2239800
36
2808200
2800
2811000
37
3572900
1800
3574700
38
4368100
1200
4369300
39
5377700
600
5378300
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.