This page reflects AZO 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 — AZO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $3030.00 (43.20 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$3030.00
Nearest expiry
Expected Move
±$85.40
±2.8%
Days to Expiry
3
Calendar days
Total Call OI
2,140
Nearest expiry
Total Put OI
1,216
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$3073.20
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
$3050.00
6/18/2026, 11:06:33 PM
2026-07-17
$3020.00
7/17/2026, 11:06:10 PM
2026-08-21NextUpdated
$3030.00
8/18/2026, 11:06:11 PM
2026-09-18
$3050.00
8/18/2026, 11:06:11 PM
2026-12-18
$3500.00
8/18/2026, 11:06:11 PM
2027-01-15
$3200.00
8/18/2026, 11:06:11 PM
2027-03-19
$3250.00
8/18/2026, 11:06:11 PM
2027-06-17
$3050.00
8/18/2026, 11:06:11 PM
Selected expiration: 2026-08-21 at max pain $3030.00.
AZO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2380
0
55636000
55636000
2400
0
53224000
53224000
2420
0
50864000
50864000
2440
2000
48520000
48522000
2460
6000
46196000
46202000
2480
10000
43920000
43930000
2500
16000
41734000
41750000
2550
36000
36554000
36590000
2600
66000
31444000
31510000
2650
136000
26524000
26660000
2700
211000
21954000
22165000
2750
326000
17669000
17995000
2800
466000
13789000
14255000
2850
661000
10359000
11020000
2900
916000
7214000
8130000
2950
1231000
4514000
5745000
2980
1537000
3173000
4710000
2990
1643000
2765000
4408000
3000
1756000
2401000
4157000
3010
1938000
2091000
4029000
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.