This page reflects CAPR 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 — CAPR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $10.00 (2.92 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$1.85
±26.1%
Days to Expiry
3
Calendar days
Total Call OI
75,392
Nearest expiry
Total Put OI
40,955
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$7.08
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
$29.00
6/18/2026, 11:08:15 PM
2026-07-17
$22.00
7/17/2026, 11:03:53 PM
2026-08-21NextUpdated
$10.00
8/18/2026, 11:07:39 PM
2026-09-18
$11.00
8/18/2026, 11:07:39 PM
2026-12-18
$7.00
8/18/2026, 11:07:39 PM
2027-01-15
$7.50
8/18/2026, 11:07:39 PM
2027-03-19
$6.00
8/18/2026, 11:07:39 PM
Selected expiration: 2026-08-21 at max pain $10.00.
CAPR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
38803300
38803300
2
600
34742300
34742900
3
10300
30773900
30784200
4
31600
27250100
27281700
5
106700
24366100
24472800
6
351100
21752800
22103900
7
782200
19359600
20141800
8
1313700
17120200
18433900
9
2218000
14938000
17156000
10
3278600
12756000
16034600
11
5556800
10769500
16326300
12
7888100
8966700
16854800
13
10251900
7613800
17865700
14
12637200
6297600
18934800
15
15248200
5020400
20268600
16
18568800
4004700
22573500
17
21898000
2995900
24893900
18
25236500
1994000
27230500
19
28579800
1170400
29750200
20
31930500
381500
32312000
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.