Armstrong World Industries IncClose $177.15EOD only
Max Pain
$160.00
Next expiry Aug 21, 2026
Expected Move
±$4.88
2.8% from close
Price Gap
-17.15
Distance to max pain
IV Rank
59
Middle-high premium
P/C OI
1.53
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects AWI 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 — AWI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $160.00 (17.15 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$160.00
Nearest expiry
Expected Move
±$4.88
±2.8%
Days to Expiry
3
Calendar days
Total Call OI
283
Nearest expiry
Total Put OI
444
Nearest expiry
P/C OI Ratio
1.57
Put-heavy
Spot Price
$177.15
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
$170.00
6/18/2026, 11:05:38 PM
2026-07-17
$155.00
7/17/2026, 11:06:45 PM
2026-08-21NextUpdated
$160.00
8/18/2026, 11:05:35 PM
2026-09-18
$180.00
8/18/2026, 11:05:35 PM
2026-12-18
$150.00
8/18/2026, 11:05:35 PM
2027-03-19
$140.00
8/18/2026, 11:05:35 PM
Selected expiration: 2026-08-21 at max pain $160.00.
AWI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
105
0
1395000
1395000
110
0
1173000
1173000
115
0
951500
951500
120
0
730500
730500
125
0
510500
510500
130
0
291500
291500
135
500
154500
155000
140
1000
98000
99000
145
2000
77500
79500
155
4000
37500
41500
160
7000
20000
27000
165
16000
11500
27500
170
25500
7500
33000
175
38500
3500
42000
180
112000
0
112000
185
246500
0
246500
190
383000
0
383000
195
523500
0
523500
210
946500
0
946500
230
1510500
0
1510500
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.