This page reflects AU 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 — AU
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $80.00 (17.95 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$4.50
±4.6%
Days to Expiry
3
Calendar days
Total Call OI
8,477
Nearest expiry
Total Put OI
4,852
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$97.95
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
$90.00
6/18/2026, 11:05:17 PM
2026-07-17
$85.00
7/17/2026, 11:05:52 PM
2026-08-21NextUpdated
$80.00
8/18/2026, 11:05:04 PM
2026-09-18
$95.00
8/18/2026, 11:05:04 PM
2026-10-16
$85.00
8/18/2026, 11:05:04 PM
2026-12-18
$80.00
8/18/2026, 11:05:04 PM
2027-01-15
$100.00
8/18/2026, 11:05:04 PM
2027-03-19
$90.00
8/18/2026, 11:05:04 PM
2027-05-21
$90.00
8/18/2026, 11:05:04 PM
Selected expiration: 2026-08-21 at max pain $80.00.
AU pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
12874000
12874000
55
0
10450000
10450000
60
0
8038500
8038500
65
500
5702500
5703000
70
2000
3475000
3477000
75
10500
1554500
1565000
80
237000
1024000
1261000
85
1002500
563000
1565500
90
2717000
241500
2958500
95
5432000
98000
5530000
100
8844000
29500
8873500
105
12594000
8500
12602500
110
16615500
500
16616000
115
20711500
0
20711500
120
24908000
0
24908000
125
29144500
0
29144500
130
33381500
0
33381500
135
37620000
0
37620000
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.