This page reflects B 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 — B
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $39.00 (3.09 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$39.00
Nearest expiry
Expected Move
±$1.33
±3.2%
Days to Expiry
3
Calendar days
Total Call OI
39,188
Nearest expiry
Total Put OI
23,352
Nearest expiry
P/C OI Ratio
0.60
Put-heavy
Spot Price
$42.09
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
2026-08-07
$37.00
8/7/2026, 11:06:09 PM
2026-08-14
$40.00
8/14/2026, 11:05:43 PM
2026-08-21NextUpdated
$39.00
8/18/2026, 11:05:39 PM
2026-08-28
$40.00
8/18/2026, 11:05:39 PM
2026-09-04
$40.00
8/18/2026, 11:05:39 PM
2026-09-11
$43.00
8/18/2026, 11:05:39 PM
2026-09-18
$40.00
8/18/2026, 11:05:39 PM
2026-09-25
$42.00
8/18/2026, 11:05:39 PM
2026-10-02
$40.00
8/18/2026, 11:05:39 PM
2026-10-16
$38.00
8/18/2026, 11:05:39 PM
2026-12-18
$30.00
8/18/2026, 11:05:39 PM
2027-01-15
$30.00
8/18/2026, 11:05:39 PM
2027-03-19
$43.00
8/18/2026, 11:05:39 PM
2027-06-17
$40.00
8/18/2026, 11:05:39 PM
Selected expiration: 2026-08-21 at max pain $39.00.
B pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
22
0
34834750
34834750
25
11700
27838450
27850150
26
15900
25509550
25525450
27
23000
23180750
23203750
28
33500
20852650
20886150
29
44800
18531250
18576050
30
58300
16220150
16278450
31
75800
13936950
14012750
31.5
85400
12828650
12914050
32
95000
11722500
11817500
32.5
105450
10695150
10800600
33
115900
9668350
9784250
33.5
142100
8703850
8845950
34
168350
7745250
7913600
34.5
201700
6919800
7121500
35
235800
6098400
6334200
35.5
354550
5354600
5709150
36
475850
4613800
5089650
36.5
638350
4002350
4640700
37
801550
3392950
4194500
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.