This page reflects AMRZ 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 — AMRZ
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $50.00 (5.37 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$1.48
±3.3%
Days to Expiry
3
Calendar days
Total Call OI
780
Nearest expiry
Total Put OI
2,293
Nearest expiry
P/C OI Ratio
2.94
Put-heavy
Spot Price
$44.63
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
$52.06
6/18/2026, 11:03:23 PM
2026-07-17
$50.00
7/17/2026, 11:03:04 PM
2026-08-21NextUpdated
$50.00
8/18/2026, 11:02:58 PM
2026-09-18
$47.50
8/18/2026, 11:02:58 PM
2026-10-16
$55.00
8/18/2026, 11:02:58 PM
2026-11-20
$50.00
8/18/2026, 11:02:58 PM
2027-01-15
$50.00
8/18/2026, 11:02:58 PM
2027-06-17
$50.00
8/18/2026, 11:02:58 PM
Selected expiration: 2026-08-21 at max pain $50.00.
AMRZ pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
32.5
0
3292000
3292000
37.5
0
2148500
2148500
40
0
1577000
1577000
42.5
0
1130750
1130750
45
0
712500
712500
47.5
1250
373000
374250
50
11250
51250
62500
52.5
87750
5000
92750
55
202500
1000
203500
57.5
365000
0
365000
60
537000
0
537000
62.5
725000
0
725000
65
916000
0
916000
75
1695000
0
1695000
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.