This page reflects BOOT 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 — BOOT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $150.00 (8.09 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$150.00
Nearest expiry
Expected Move
±$6.22
±3.9%
Days to Expiry
3
Calendar days
Total Call OI
1,854
Nearest expiry
Total Put OI
893
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$158.09
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
2026-06-18
$150.00
6/18/2026, 11:04:14 PM
2026-07-17
$160.00
7/17/2026, 11:07:26 PM
2026-08-21NextUpdated
$150.00
8/18/2026, 11:03:27 PM
2026-09-18
$155.00
8/18/2026, 11:03:27 PM
2026-11-20
$175.00
8/18/2026, 11:03:27 PM
2027-02-19
$155.00
8/18/2026, 11:03:27 PM
Selected expiration: 2026-08-21 at max pain $150.00.
BOOT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
4758500
4758500
100
0
3865500
3865500
105
500
3435500
3436000
110
1500
3008000
3009500
115
2500
2611500
2614000
120
4000
2223000
2227000
125
6000
1855000
1861000
130
8500
1534000
1542500
135
11000
1235000
1246000
140
13500
955500
969000
145
18500
705000
723500
150
25000
533000
558000
155
183000
381500
564500
160
347000
240000
587000
165
790000
139000
929000
170
1384500
44500
1429000
175
1991000
24500
2015500
180
2626000
7000
2633000
185
3292500
1000
3293500
190
4120000
500
4120500
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.