This page reflects AVTX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — AVTX
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $17.50 (3.25 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$0.75
±3.6%
Days to Expiry
2
Calendar days
Total Call OI
2,596
Nearest expiry
Total Put OI
4,252
Nearest expiry
P/C OI Ratio
1.64
Put-heavy
Spot Price
$20.75
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
$10.00
6/18/2026, 11:05:47 PM
2026-07-17
$15.00
7/17/2026, 11:05:46 PM
2026-08-21NextUpdated
$17.50
8/19/2026, 11:05:00 PM
2026-09-18
$17.50
8/19/2026, 11:05:00 PM
2026-11-20
$20.00
8/19/2026, 11:05:00 PM
2027-02-19
$10.00
8/19/2026, 11:05:00 PM
Selected expiration: 2026-08-21 at max pain $17.50.
AVTX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
6050250
6050250
5
500
4993500
4994000
7.5
1000
3940000
3941000
10
2750
2886750
2889500
12.5
44000
1910250
1954250
15
89000
936500
1025500
17.5
148000
2000
150000
20
210000
1500
211500
22.5
317750
1000
318750
25
468250
500
468750
30
1251250
0
1251250
35
2070250
0
2070250
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.