This page reflects ARCC 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 — ARCC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $18.00 (1.67 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$0.30
±1.5%
Days to Expiry
3
Calendar days
Total Call OI
11,071
Nearest expiry
Total Put OI
6,720
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$19.67
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
$19.00
6/18/2026, 11:03:35 PM
2026-07-17
$18.00
7/17/2026, 11:04:23 PM
2026-08-21NextUpdated
$18.00
8/18/2026, 11:04:30 PM
2026-09-18
$19.00
8/18/2026, 11:04:30 PM
2026-12-18
$19.00
8/18/2026, 11:04:30 PM
2027-01-15
$20.00
8/18/2026, 11:04:30 PM
2027-03-19
$19.00
8/18/2026, 11:04:30 PM
Selected expiration: 2026-08-21 at max pain $18.00.
ARCC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
11
0
4930200
4930200
12
0
4258500
4258500
13
100
3587100
3587200
14
500
2916900
2917400
15
1000
2246800
2247800
16
3300
1581700
1585000
17
5800
925300
931100
18
443700
325300
769000
19
892900
50800
943700
20
1816200
11900
1828100
21
2919200
3200
2922400
22
4023800
1800
4025600
23
5128900
800
5129700
24
6234200
300
6234500
25
7339600
100
7339700
26
8445300
0
8445300
27
9551900
0
9551900
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.