This page reflects ARQQ options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 17, 2026 close
Max Pain — ARQQ
Data as of market close Aug 17, 2026
Nearest listed expiration 2026-08-21 shows max pain at $20.00 (4.35 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$2.10
±8.6%
Days to Expiry
4
Calendar days
Total Call OI
2,394
Nearest expiry
Total Put OI
1,963
Nearest expiry
P/C OI Ratio
0.82
Put-heavy
Spot Price
$24.35
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
$15.00
6/18/2026, 11:04:47 PM
2026-07-17
$22.50
7/17/2026, 11:05:19 PM
2026-08-21NextUpdated
$20.00
8/17/2026, 11:04:28 PM
2026-09-18
$22.50
8/17/2026, 11:04:28 PM
2026-12-18
$30.00
8/17/2026, 11:04:28 PM
2027-01-15
$17.50
8/17/2026, 11:04:28 PM
2027-03-19
$17.50
8/17/2026, 11:04:28 PM
Selected expiration: 2026-08-21 at max pain $20.00.
ARQQ pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
7.5
0
1524500
1524500
10
0
1059500
1059500
12.5
0
626250
626250
15
0
235750
235750
17.5
0
160500
160500
20
13500
101000
114500
22.5
83750
57000
140750
25
250750
30000
280750
30
908250
8500
916750
35
1799750
0
1799750
40
2768250
0
2768250
45
3959250
0
3959250
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.