This page reflects AYI 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 — AYI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $320.00 (25.59 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$320.00
Nearest expiry
Expected Move
±$8.93
±2.6%
Days to Expiry
3
Calendar days
Total Call OI
732
Nearest expiry
Total Put OI
523
Nearest expiry
P/C OI Ratio
0.71
Put-heavy
Spot Price
$345.59
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
$300.00
6/18/2026, 11:04:50 PM
2026-07-17
$350.00
7/17/2026, 11:06:20 PM
2026-08-21NextUpdated
$320.00
8/18/2026, 11:05:20 PM
2026-09-18
$350.00
8/18/2026, 11:05:20 PM
2026-11-20
$340.00
8/18/2026, 11:05:20 PM
2027-02-19
$340.00
8/18/2026, 11:05:20 PM
Selected expiration: 2026-08-21 at max pain $320.00.
AYI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
165
0
5243000
5243000
175
0
4720000
4720000
180
0
4459000
4459000
185
0
4198000
4198000
190
0
3937500
3937500
195
0
3677500
3677500
200
0
3418000
3418000
210
2000
2900000
2902000
220
5000
2487000
2492000
230
8000
2193000
2201000
240
11000
1914000
1925000
250
14000
1643000
1657000
260
19000
1378000
1397000
270
28000
1164000
1192000
280
41000
958000
999000
290
59000
762000
821000
300
87000
587000
674000
310
121000
426000
547000
320
172000
285000
457000
330
351000
175000
526000
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.