This page reflects AGL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 20, 2026 close
Max Pain — AGL
Data as of market close Aug 20, 2026
Nearest listed expiration 2026-08-21 shows max pain at $100.00 (7.27 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$4.22
±4.6%
Days to Expiry
1
Calendar days
Total Call OI
839
Nearest expiry
Total Put OI
692
Nearest expiry
P/C OI Ratio
0.82
Put-heavy
Spot Price
$92.73
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
2026-06-18
$95.00
6/18/2026, 11:01:44 PM
2026-07-17
$105.00
7/17/2026, 11:02:30 PM
2026-08-21NextUpdated
$100.00
8/20/2026, 11:02:31 PM
2026-09-18
$100.00
8/20/2026, 11:02:31 PM
2026-10-16
$85.00
8/20/2026, 11:02:31 PM
2027-01-15
$4.50
8/20/2026, 11:02:31 PM
2027-03-19
$100.00
8/20/2026, 11:02:31 PM
Selected expiration: 2026-08-21 at max pain $100.00.
AGL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
1978000
1978000
60
500
1660500
1661000
65
2000
1353500
1355500
70
4500
1060500
1065000
75
7000
811000
818000
80
9500
580500
590000
85
12000
363000
375000
90
15000
257000
272000
95
60500
167000
227500
100
129000
82500
211500
105
205000
19500
224500
110
323000
12000
335000
115
487500
7000
494500
120
675000
3000
678000
125
902000
500
902500
130
1136000
0
1136000
135
1406000
0
1406000
140
1691000
0
1691000
145
1984500
0
1984500
150
2284000
0
2284000
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.