This page reflects AMPL 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 — AMPL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $8.00 (4.59 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.00
Nearest expiry
Expected Move
±$0.68
±5.4%
Days to Expiry
3
Calendar days
Total Call OI
11,596
Nearest expiry
Total Put OI
606
Nearest expiry
P/C OI Ratio
0.05
Put-heavy
Spot Price
$12.59
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
$6.00
6/18/2026, 11:03:19 PM
2026-07-17
$7.50
7/17/2026, 11:03:09 PM
2026-08-21NextUpdated
$8.00
8/18/2026, 11:03:08 PM
2026-09-18
$10.00
8/18/2026, 11:03:08 PM
2026-10-16
$9.00
8/18/2026, 11:03:08 PM
2027-01-15
$7.50
8/18/2026, 11:03:08 PM
Selected expiration: 2026-08-21 at max pain $8.00.
AMPL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
405100
405100
2
500
344500
345000
3
1500
284000
285500
4
3000
223500
226500
5
4900
163000
167900
6
7000
102500
109500
7
9600
51100
60700
8
14700
20500
35200
9
112600
7700
120300
10
251800
3400
255200
11
443100
1000
444100
12
705000
100
705100
13
1003100
0
1003100
14
1854400
0
1854400
15
3013700
0
3013700
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.