This page reflects AVT 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 — AVT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (23.40 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$3.97
±4.3%
Days to Expiry
3
Calendar days
Total Call OI
3,074
Nearest expiry
Total Put OI
995
Nearest expiry
P/C OI Ratio
0.32
Put-heavy
Spot Price
$93.40
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
$85.00
6/18/2026, 11:05:24 PM
2026-07-17
$80.00
7/17/2026, 11:06:13 PM
2026-08-21NextUpdated
$70.00
8/18/2026, 11:05:04 PM
2026-09-18
$90.00
8/18/2026, 11:05:04 PM
2026-11-20
$85.00
8/18/2026, 11:05:04 PM
2027-02-19
$70.00
8/18/2026, 11:05:04 PM
Selected expiration: 2026-08-21 at max pain $70.00.
AVT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
49
0
2418400
2418400
50
0
2319000
2319000
55
1500
1823000
1824500
60
12000
1327500
1339500
65
38000
957000
995000
70
96500
592500
689000
75
465500
360500
826000
80
848000
211500
1059500
85
1302500
115500
1418000
90
1789000
38000
1827000
95
2481000
11000
2492000
100
3460000
0
3460000
105
4563500
0
4563500
110
5793000
0
5793000
115
7160500
0
7160500
120
8597000
0
8597000
125
10116500
0
10116500
130
11646500
0
11646500
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.