This page reflects AVY 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 — AVY
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $165.00 (12.71 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$165.00
Nearest expiry
Expected Move
±$0.88
±0.5%
Days to Expiry
3
Calendar days
Total Call OI
479
Nearest expiry
Total Put OI
953
Nearest expiry
P/C OI Ratio
1.99
Put-heavy
Spot Price
$177.71
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
$155.00
6/18/2026, 11:05:32 PM
2026-07-17
$160.00
7/17/2026, 11:05:13 PM
2026-08-21NextUpdated
$165.00
8/18/2026, 11:05:17 PM
2026-09-18
$170.00
8/18/2026, 11:05:17 PM
2026-10-16
$175.00
8/18/2026, 11:05:17 PM
2027-01-15
$150.00
8/18/2026, 11:05:17 PM
Selected expiration: 2026-08-21 at max pain $165.00.
AVY pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
130
0
2892500
2892500
135
0
2417000
2417000
140
0
1942000
1942000
145
0
1472000
1472000
150
500
1007500
1008000
155
3500
548500
552000
160
7000
224000
231000
165
14500
500
15000
170
52000
0
52000
175
121000
0
121000
180
245500
0
245500
185
371000
0
371000
190
505000
0
505000
200
974000
0
974000
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.