This page reflects CAMT 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 — CAMT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $170.00 (14.16 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$170.00
Nearest expiry
Expected Move
±$9.48
±6.1%
Days to Expiry
3
Calendar days
Total Call OI
4,557
Nearest expiry
Total Put OI
4,968
Nearest expiry
P/C OI Ratio
1.09
Put-heavy
Spot Price
$155.84
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
$170.00
6/18/2026, 11:09:12 PM
2026-07-17
$145.00
7/17/2026, 11:08:42 PM
2026-08-21NextUpdated
$170.00
8/18/2026, 11:07:51 PM
2026-09-18
$140.00
8/18/2026, 11:07:51 PM
2026-11-20
$185.00
8/18/2026, 11:07:51 PM
2027-01-15
$100.00
8/18/2026, 11:07:51 PM
2027-02-19
$130.00
8/18/2026, 11:07:51 PM
Selected expiration: 2026-08-21 at max pain $170.00.
CAMT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
46208500
46208500
55
0
43736000
43736000
60
500
41263500
41264000
65
1500
38791500
38793000
70
3500
36319500
36323000
75
6500
33849000
33855500
80
32500
31379500
31412000
85
58500
28914000
28972500
90
85000
26457500
26542500
95
112000
24047000
24159000
100
146000
21678500
21824500
105
219000
19340500
19559500
110
292000
17018000
17310000
115
365000
14703000
15068000
120
438000
12456500
12894500
125
548500
10443000
10991500
130
720500
8619000
9339500
135
895000
6895000
7790000
140
1074000
5331000
6405000
145
1256500
4262500
5519000
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.