This page reflects ALLE 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 — ALLE
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $150.00 (12.76 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$150.00
Nearest expiry
Expected Move
±$3.28
±2.0%
Days to Expiry
2
Calendar days
Total Call OI
3,266
Nearest expiry
Total Put OI
424
Nearest expiry
P/C OI Ratio
0.13
Put-heavy
Spot Price
$162.76
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
$130.00
6/18/2026, 11:02:38 PM
2026-07-17
$135.00
7/17/2026, 11:02:26 PM
2026-08-21NextUpdated
$150.00
8/19/2026, 11:02:14 PM
2026-09-18
$150.00
8/19/2026, 11:02:14 PM
2026-12-18
$150.00
8/19/2026, 11:02:14 PM
2027-03-19
$170.00
8/19/2026, 11:02:14 PM
Selected expiration: 2026-08-21 at max pain $150.00.
ALLE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
115
0
1427500
1427500
120
0
1201000
1201000
125
0
991500
991500
130
0
795000
795000
135
2000
632500
634500
140
38500
480500
519000
145
99000
354000
453000
150
168000
230500
398500
155
770500
113500
884000
160
1559500
14500
1574000
165
3116000
2000
3118000
170
4703500
1000
4704500
175
6320000
500
6320500
180
7939000
0
7939000
185
9558500
0
9558500
220
20898500
0
20898500
230
24145500
0
24145500
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.