This page reflects AZN 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 — AZN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $160.00 (0.10 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
±$3.52
±2.2%
Days to Expiry
3
Calendar days
Total Call OI
12,220
Nearest expiry
Total Put OI
4,805
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$160.10
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
$175.00
7/17/2026, 11:06:34 PM
2026-08-21NextUpdated
$160.00
8/18/2026, 11:05:23 PM
2026-09-18
$160.00
8/18/2026, 11:05:23 PM
2026-10-16
$165.00
8/18/2026, 11:05:23 PM
2027-01-15
$125.00
8/18/2026, 11:05:23 PM
2027-06-17
$70.00
8/18/2026, 11:05:23 PM
Selected expiration: 2026-08-21 at max pain $160.00.
AZN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
13697500
13697500
130
0
11351500
11351500
135
5500
9029500
9035000
140
11000
6779000
6790000
145
16500
4611500
4628000
150
26000
2691500
2717500
155
130000
1384000
1514000
160
657000
710500
1367500
165
2573000
239500
2812500
170
5317500
70500
5388000
175
9366000
35000
9401000
180
14130500
0
14130500
185
19342000
0
19342000
190
24911500
0
24911500
195
30544000
0
30544000
200
36293500
0
36293500
210
47957500
0
47957500
220
60068500
0
60068500
230
72261500
0
72261500
240
84477500
0
84477500
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.