This page reflects AIP options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — AIP
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $30.00 (5.17 above 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
±$1.27
±5.1%
Days to Expiry
2
Calendar days
Total Call OI
1,111
Nearest expiry
Total Put OI
372
Nearest expiry
P/C OI Ratio
0.33
Put-heavy
Spot Price
$24.83
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
$30.00
6/18/2026, 11:02:33 PM
2026-07-17
$30.00
7/17/2026, 11:01:47 PM
2026-08-21NextUpdated
$30.00
8/19/2026, 11:02:22 PM
2026-09-18
$30.00
8/19/2026, 11:02:22 PM
2026-10-16
$35.00
8/19/2026, 11:02:22 PM
2027-01-15
$10.00
8/19/2026, 11:02:22 PM
Selected expiration: 2026-08-21 at max pain $30.00.
AIP pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
381250
381250
22.5
250
290750
291000
25
1250
205500
206750
30
20750
92000
112750
35
146250
12500
158750
40
513250
500
513750
45
955750
0
955750
50
1433750
0
1433750
55
1959250
0
1959250
60
2494250
0
2494250
65
3039250
0
3039250
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.