This page reflects ALL 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 — ALL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $260.00 (1.15 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$260.00
Nearest expiry
Expected Move
±$4.72
±1.8%
Days to Expiry
3
Calendar days
Total Call OI
2,877
Nearest expiry
Total Put OI
6,378
Nearest expiry
P/C OI Ratio
2.22
Put-heavy
Spot Price
$261.15
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
$220.00
6/18/2026, 11:02:30 PM
2026-07-17
$240.00
7/17/2026, 11:02:01 PM
2026-08-21NextUpdated
$260.00
8/18/2026, 11:02:27 PM
2026-09-18
$250.00
8/18/2026, 11:02:27 PM
2026-10-16
$260.00
8/18/2026, 11:02:27 PM
2026-12-18
$230.00
8/18/2026, 11:02:27 PM
2027-01-15
$220.00
8/18/2026, 11:02:27 PM
2027-03-19
$220.00
8/18/2026, 11:02:27 PM
2027-06-17
$240.00
8/18/2026, 11:02:27 PM
Selected expiration: 2026-08-21 at max pain $260.00.
ALL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
140
0
66400500
66400500
145
0
63214500
63214500
150
0
60031500
60031500
160
0
53666500
53666500
185
0
37756500
37756500
190
0
34579500
34579500
195
0
31408000
31408000
200
500
28266000
28266500
210
6500
22032000
22038500
220
70500
16037000
16107500
230
174500
10137000
10311500
240
328500
5350000
5678500
250
575500
1910000
2485500
260
1303500
128000
1431500
270
2503500
1000
2504500
280
4348500
0
4348500
290
6823500
0
6823500
300
9587500
0
9587500
310
12443500
0
12443500
320
15315500
0
15315500
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.