This page reflects ARRY 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 — ARRY
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $6.00 (1.20 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$6.00
Nearest expiry
Expected Move
±$0.40
±8.3%
Days to Expiry
3
Calendar days
Total Call OI
41,749
Nearest expiry
Total Put OI
11,652
Nearest expiry
P/C OI Ratio
0.28
Put-heavy
Spot Price
$4.80
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
$8.00
6/18/2026, 11:03:45 PM
2026-07-17
$8.00
7/17/2026, 11:05:49 PM
2026-08-21NextUpdated
$6.00
8/18/2026, 11:04:41 PM
2026-09-18
$6.00
8/18/2026, 11:04:41 PM
2026-10-16
$5.00
8/18/2026, 11:04:41 PM
2026-11-20
$9.00
8/18/2026, 11:04:41 PM
2027-01-15
$7.00
8/18/2026, 11:04:41 PM
Selected expiration: 2026-08-21 at max pain $6.00.
ARRY pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
6569400
6569400
2
400
5404400
5404800
3
1100
4239400
4240500
4
2100
3086900
3089000
5
14400
1983300
1997700
6
450300
1291300
1741600
7
1068500
748600
1817100
8
1970800
371100
2341900
9
3212200
30100
3242300
10
6505600
1500
6507100
11
10041700
400
10042100
12
13776300
0
13776300
13
17639700
0
17639700
14
21742600
0
21742600
15
25869000
0
25869000
16
30031000
0
30031000
17
34195700
0
34195700
20
46720400
0
46720400
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.