Applied Industrial TechnologiesClose $354.35EOD only
Max Pain
$350.00
Next expiry Aug 21, 2026
Expected Move
±$8.07
2.3% from close
Price Gap
-4.35
Distance to max pain
IV Rank
21
Low premium
P/C OI
0.80
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects AIT 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 — AIT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $350.00 (4.35 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$350.00
Nearest expiry
Expected Move
±$8.07
±2.3%
Days to Expiry
3
Calendar days
Total Call OI
208
Nearest expiry
Total Put OI
209
Nearest expiry
P/C OI Ratio
1.00
Put-heavy
Spot Price
$354.35
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
$300.00
6/18/2026, 11:02:00 PM
2026-07-17
$310.00
7/17/2026, 11:01:52 PM
2026-08-21NextUpdated
$350.00
8/18/2026, 11:02:22 PM
2026-09-18
$340.00
8/18/2026, 11:02:22 PM
2026-11-20
$350.00
8/18/2026, 11:02:22 PM
2027-02-19
$320.00
8/18/2026, 11:02:22 PM
Selected expiration: 2026-08-21 at max pain $350.00.
AIT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
160
0
2805000
2805000
180
2000
2387000
2389000
185
3000
2282500
2285500
190
4000
2178000
2182000
195
5000
2073500
2078500
200
6000
1974000
1980000
210
8000
1782000
1790000
220
11000
1604000
1615000
230
16000
1431000
1447000
240
22000
1262000
1284000
250
29000
1103000
1132000
260
37000
947000
984000
270
45000
799000
844000
280
53000
661000
714000
290
61000
533000
594000
300
69000
430000
499000
310
77000
329000
406000
320
85000
238000
323000
330
94000
150000
244000
340
111000
69000
180000
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.