Nearest listed expiration 2026-08-21 shows max pain at $190.00 (18.25 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$190.00
Nearest expiry
Expected Move
±$7.00
±3.4%
Days to Expiry
3
Calendar days
Total Call OI
18,558
Nearest expiry
Total Put OI
14,858
Nearest expiry
P/C OI Ratio
0.80
Put-heavy
Spot Price
$208.25
Published close
Consensus
5.0/10
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
$197.50
8/7/2026, 11:07:50 PM
2026-08-14
$205.00
8/14/2026, 11:07:46 PM
2026-08-21NextUpdated
$190.00
8/18/2026, 11:08:16 PM
2026-08-28
$195.00
8/18/2026, 11:08:16 PM
2026-09-04
$200.00
8/18/2026, 11:08:16 PM
2026-09-11
$205.00
8/18/2026, 11:08:16 PM
2026-09-18
$185.00
8/18/2026, 11:08:16 PM
2026-09-25
$210.00
8/18/2026, 11:08:16 PM
2026-10-02
$220.00
8/18/2026, 11:08:16 PM
2026-10-16
$162.40
8/18/2026, 11:08:16 PM
2026-12-18
$180.00
8/18/2026, 11:08:16 PM
2027-01-15
$188.00
8/18/2026, 11:08:16 PM
2027-03-19
$182.00
8/18/2026, 11:08:16 PM
2027-06-17
$178.00
8/18/2026, 11:08:16 PM
Selected expiration: 2026-08-21 at max pain $190.00.
BKNG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
125098250
125098250
95
1500
117672250
117673750
100
10500
110255750
110266250
105
30000
102850250
102880250
110
60500
95456250
95516750
115
99500
88105750
88205250
120
145500
80785250
80930750
125
203000
73504750
73707750
130
278000
66289250
66567250
135
362000
59189250
59551250
140
466000
52178250
52644250
145
570000
45489750
46059750
150
682000
38986750
39668750
155
846000
33191250
34037250
157.5
1041000
30616000
31657000
160
1236000
28043750
29279750
162.5
1463500
25662250
27125750
165
1691000
23285500
24976500
167.5
1985000
21068500
23053500
170
2279000
18855000
21134000
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.