What is C max pain this week?

C max pain for the nearest expiration (2026-08-21) is $132.00. Total call open interest: 71,741. Total put open interest: 51,250.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options CMax Pain

C

Citigroup, Inc.Close $138.51EOD only

Max Pain

$132.00

Next expiry Aug 21, 2026

Expected Move

±$3.56

2.6% from close

Price Gap

-6.51

Distance to max pain

IV Rank

Low premium

P/C OI

1.35

Slightly put-heavy

Consensus

4/4

Partial coverage

Published snapshot: Aug 17, 2026 close

End-of-day snapshot

This page reflects C options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Aug 17, 2026 close

Max Pain — C

Data as of market close Aug 17, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-08-21 shows max pain at $132.00 (6.51 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$132.00

Nearest expiry

Expected Move

±$3.56

±2.6%

Days to Expiry

Calendar days

Total Call OI

71,741

Nearest expiry

Total Put OI

51,250

Nearest expiry

P/C OI Ratio

0.71

Put-heavy

Spot Price

$138.51

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	$133.00	8/7/2026, 11:08:28 PM
2026-08-14	$136.00	8/14/2026, 11:07:55 PM
2026-08-21NextUpdated	$132.00	8/17/2026, 11:09:45 PM
2026-08-28	$132.00	8/17/2026, 11:09:45 PM
2026-09-04	$137.00	8/17/2026, 11:09:45 PM
2026-09-11	$137.00	8/17/2026, 11:09:45 PM
2026-09-18	$130.00	8/17/2026, 11:09:45 PM
2026-09-25	$138.00	8/17/2026, 11:09:45 PM
2026-10-02	$138.00	8/17/2026, 11:09:45 PM
2026-10-16	$135.00	8/17/2026, 11:09:45 PM
2026-11-20	$125.00	8/17/2026, 11:09:45 PM
2026-12-18	$97.50	8/17/2026, 11:09:45 PM
2027-01-15	$105.00	8/17/2026, 11:09:45 PM
2027-03-19	$115.00	8/17/2026, 11:09:45 PM
2027-06-17	$100.00	8/17/2026, 11:09:45 PM

Selected expiration: 2026-08-21 at max pain $132.00.

C pain by strike for 2026-08-21 expiration
Strike	Call Pain	Put Pain	Total Pain
47.5	0	372439650	372439650
50	250	359640400	359640650
55	3250	334053900	334057150
60	11750	308478900	308490650
65	27250	282918900	282946150
70	48250	257485400	257533650
75	74750	232298900	232373650
80	117750	207229400	207347150
85	160750	182283400	182444150
87.5	182500	169909900	170092400
90	204250	157567150	157771400
92.5	227000	145517900	145744900
95	249750	133695400	133945150
97.5	272500	121991650	122264150
100	295250	110433400	110728650
105	363750	89467900	89831650
110	438750	69158400	69597150
115	539250	49714400	50253650
116	563750	46518000	47081750
117	588750	43322600	43911350

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.