This page reflects APPS 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 — APPS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $10.00 (2.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$0.72
±6.0%
Days to Expiry
3
Calendar days
Total Call OI
18,229
Nearest expiry
Total Put OI
7,783
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$12.12
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, 11:02:52 PM
2026-07-17
$7.00
7/17/2026, 11:04:52 PM
2026-08-21NextUpdated
$10.00
8/18/2026, 11:03:36 PM
2026-09-18
$6.00
8/18/2026, 11:03:36 PM
2026-12-18
$9.00
8/18/2026, 11:03:36 PM
2027-01-15
$7.00
8/18/2026, 11:03:36 PM
2027-03-19
$9.00
8/18/2026, 11:03:36 PM
Selected expiration: 2026-08-21 at max pain $10.00.
APPS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
6615700
6615700
3
2800
5059100
5061900
4
4300
4280800
4285100
5
10800
3502700
3513500
6
18000
2746000
2764000
7
30700
2072900
2103600
8
131100
1454700
1585800
9
246400
951700
1198100
10
497500
615700
1113200
11
994700
371700
1366400
12
1911200
156400
2067600
13
2965600
65500
3031100
14
4143600
7500
4151100
15
5475900
1900
5477800
16
7085500
900
7086400
17
8739100
700
8739800
18
10426100
500
10426600
19
12208000
400
12208400
20
14012700
300
14013000
21
15832300
200
15832500
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.