This page reflects AMCR 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 — AMCR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $43.00 (2.86 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$43.00
Nearest expiry
Expected Move
±$1.10
±2.4%
Days to Expiry
3
Calendar days
Total Call OI
4,781
Nearest expiry
Total Put OI
2,251
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$45.86
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
$10.00
6/18/2026, 11:02:44 PM
2026-07-17
$11.00
7/17/2026, 11:02:46 PM
2026-08-21NextUpdated
$43.00
8/18/2026, 11:02:44 PM
2026-09-18
$45.00
8/18/2026, 11:02:44 PM
2026-10-16
$42.00
8/18/2026, 11:02:44 PM
2027-01-15
$10.00
8/18/2026, 11:02:44 PM
2027-06-17
$10.00
8/18/2026, 11:02:44 PM
Selected expiration: 2026-08-21 at max pain $43.00.
AMCR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
33
0
2133800
2133800
34
0
1908900
1908900
35
0
1684100
1684100
36
100
1462600
1462700
37
200
1241500
1241700
38
300
1028900
1029200
39
1000
819500
820500
40
1800
625800
627600
41
6700
465900
472600
42
16000
320100
336100
43
28900
209300
238200
44
232000
109000
341000
45
447900
50600
498500
46
806900
3600
810500
47
1186800
300
1187100
48
1590300
200
1590500
49
2032800
100
2032900
50
2485300
0
2485300
55
4841300
0
4841300
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.