Federal Agricultural Mortgage CClose $229.13EOD only
Max Pain
$165.00
Next expiry Aug 21, 2026
Expected Move
±$4.35
1.9% from close
Price Gap
-64.13
Distance to max pain
IV Rank
36
Middle-high premium
P/C OI
0.45
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects AGM 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 — AGM
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $165.00 (64.13 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$165.00
Nearest expiry
Expected Move
±$4.35
±1.9%
Days to Expiry
3
Calendar days
Total Call OI
402
Nearest expiry
Total Put OI
102
Nearest expiry
P/C OI Ratio
0.25
Put-heavy
Spot Price
$229.13
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
$180.00
6/18/2026, 11:02:12 PM
2026-07-17
$180.00
7/17/2026, 11:02:10 PM
2026-08-21NextUpdated
$165.00
8/18/2026, 11:01:55 PM
2026-09-18
$210.00
8/18/2026, 11:01:55 PM
2026-11-20
$180.00
8/18/2026, 11:01:55 PM
2027-01-15
$200.00
8/18/2026, 11:01:55 PM
2027-02-19
$160.00
8/18/2026, 11:01:55 PM
Selected expiration: 2026-08-21 at max pain $165.00.
AGM pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
762500
762500
95
500
715000
715500
100
1000
669000
670000
105
1500
625500
627000
110
2500
583000
585500
120
4500
501000
505500
125
5500
460500
466000
130
6500
420500
427000
135
7500
381000
388500
140
8500
342000
350500
145
9500
308500
318000
150
29500
275500
305000
155
49500
244500
294000
160
70000
214000
284000
165
95000
188500
283500
170
124000
163500
287500
175
153000
139000
292000
180
182000
114500
296500
185
212000
100500
312500
190
248000
86500
334500
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.