This page reflects BROS 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 — BROS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $53.00 (4.56 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$53.00
Nearest expiry
Expected Move
±$1.55
±3.2%
Days to Expiry
3
Calendar days
Total Call OI
11,771
Nearest expiry
Total Put OI
5,128
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$48.44
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
$55.00
8/7/2026, 11:03:43 PM
2026-08-14
$52.00
8/14/2026, 11:06:09 PM
2026-08-21NextUpdated
$53.00
8/18/2026, 11:04:16 PM
2026-08-28
$55.00
8/18/2026, 11:04:16 PM
2026-09-04
$55.00
8/18/2026, 11:04:16 PM
2026-09-11
$52.00
8/18/2026, 11:04:16 PM
2026-09-18
$55.00
8/18/2026, 11:04:16 PM
2026-09-25
$53.00
8/18/2026, 11:04:16 PM
2026-10-02
$50.00
8/18/2026, 11:04:16 PM
2026-10-16
$55.00
8/18/2026, 11:04:16 PM
2027-01-15
$50.00
8/18/2026, 11:04:16 PM
Selected expiration: 2026-08-21 at max pain $53.00.
BROS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
8343800
8343800
45
0
3227800
3227800
46
2300
2727300
2729600
47
18200
2231500
2249700
47.5
32950
1986200
2019150
48
48200
1746150
1794350
48.5
63800
1525350
1589150
49
80150
1322450
1402600
49.5
98750
1135600
1234350
50
118000
963600
1081600
51
204800
732600
937400
52
316500
528400
844900
53
464100
377700
841800
54
701300
271200
972500
55
973300
183000
1156300
56
1385900
143800
1529700
57
1840000
105700
1945700
57.5
2080100
87900
2168000
58
2323550
77400
2400950
59
2818650
59800
2878450
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.