This page reflects BULL 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 — BULL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $7.50 (0.43 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.50
Nearest expiry
Expected Move
±$0.69
±8.6%
Days to Expiry
3
Calendar days
Total Call OI
121,884
Nearest expiry
Total Put OI
10,673
Nearest expiry
P/C OI Ratio
0.09
Put-heavy
Spot Price
$7.93
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
$7.00
8/7/2026, 11:06:58 PM
2026-08-14
$7.00
8/14/2026, 11:04:17 PM
2026-08-21NextUpdated
$7.50
8/18/2026, 11:03:56 PM
2026-08-28
$7.50
8/18/2026, 11:03:56 PM
2026-09-04
$7.50
8/18/2026, 11:03:56 PM
2026-09-11
$7.00
8/18/2026, 11:03:56 PM
2026-09-18
$7.50
8/18/2026, 11:03:56 PM
2026-09-25
$6.50
8/18/2026, 11:03:56 PM
2026-10-02
$7.50
8/18/2026, 11:03:56 PM
2026-10-16
$7.50
8/18/2026, 11:03:56 PM
2026-11-20
$7.50
8/18/2026, 11:03:56 PM
2026-12-18
$7.50
8/18/2026, 11:03:56 PM
2027-01-15
$7.50
8/18/2026, 11:03:56 PM
2027-02-19
$7.50
8/18/2026, 11:03:56 PM
Selected expiration: 2026-08-21 at max pain $7.50.
BULL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1.5
0
5795300
5795300
2
3600
5261700
5265300
2.5
9550
4728250
4737800
3
21150
4203500
4224650
3.5
34850
3678750
3713600
4
48800
3154000
3202800
4.5
62950
2629250
2692200
5
78800
2104500
2183300
5.5
213800
1683300
1897100
6
355950
1268450
1624400
6.5
506600
866750
1373350
7
675450
488800
1164250
7.5
876300
205300
1081600
8
2231650
78300
2309950
8.5
4508900
42700
4551600
9
7177700
25050
7202750
9.5
10377300
12150
10389450
10
13924400
1700
13926100
10.5
19383900
1350
19385250
11
24936650
1100
24937750
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.