This page reflects ATR 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 — ATR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $125.00 (6.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$125.00
Nearest expiry
Expected Move
±$4.35
±3.3%
Days to Expiry
3
Calendar days
Total Call OI
420
Nearest expiry
Total Put OI
57
Nearest expiry
P/C OI Ratio
0.14
Put-heavy
Spot Price
$131.73
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
$120.00
6/18/2026, 11:05:27 PM
2026-07-17
$125.00
7/17/2026, 11:06:10 PM
2026-08-21NextUpdated
$125.00
8/18/2026, 11:05:11 PM
2026-09-18
$135.00
8/18/2026, 11:05:11 PM
2026-11-20
$120.00
8/18/2026, 11:05:11 PM
2027-02-19
$130.00
8/18/2026, 11:05:11 PM
Selected expiration: 2026-08-21 at max pain $125.00.
ATR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
182500
182500
95
4000
125500
129500
100
6500
98000
104500
105
9500
71000
80500
110
12500
45000
57500
115
16000
32000
48000
120
19500
19500
39000
125
25500
8000
33500
130
76000
2500
78500
135
133500
0
133500
140
250000
0
250000
145
373000
0
373000
150
503500
0
503500
155
640000
0
640000
160
849500
0
849500
165
1059000
0
1059000
170
1269000
0
1269000
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.