This page reflects CAR 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 — CAR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $160.00 (22.38 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$160.00
Nearest expiry
Expected Move
±$2.57
±1.9%
Days to Expiry
3
Calendar days
Total Call OI
17,857
Nearest expiry
Total Put OI
16,115
Nearest expiry
P/C OI Ratio
0.90
Put-heavy
Spot Price
$137.62
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
$148.00
8/7/2026, 11:04:48 PM
2026-08-14
$141.00
8/14/2026, 11:09:53 PM
2026-08-21NextUpdated
$160.00
8/18/2026, 11:08:30 PM
2026-08-28
$150.00
8/18/2026, 11:08:30 PM
2026-09-04
$155.00
8/18/2026, 11:08:30 PM
2026-09-11
$152.50
8/18/2026, 11:08:30 PM
2026-09-18
$200.00
8/18/2026, 11:08:30 PM
2026-09-25
$140.00
8/18/2026, 11:08:30 PM
2026-10-02
$170.00
8/18/2026, 11:08:30 PM
2026-10-16
$320.00
8/18/2026, 11:08:30 PM
2026-11-20
$155.00
8/18/2026, 11:08:30 PM
2026-12-18
$185.00
8/18/2026, 11:08:30 PM
2027-01-15
$200.00
8/18/2026, 11:08:30 PM
2027-02-19
$125.00
8/18/2026, 11:08:30 PM
Selected expiration: 2026-08-21 at max pain $160.00.
CAR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
116243050
116243050
55
0
109467050
109467050
60
0
102714050
102714050
65
0
95975550
95975550
70
0
89256550
89256550
75
500
82537550
82538050
80
1000
75979550
75980550
85
5500
69491050
69496550
90
10000
63053550
63063550
95
16000
56730050
56746050
100
24000
50430050
50454050
105
35500
45162050
45197550
110
52000
39972050
40024050
115
84000
35043550
35127550
120
122000
30200550
30322550
124
159200
26695350
26854550
125
168500
25819250
25987750
126
179100
24977450
25156550
127
189700
24139350
24329050
128
200300
23301350
23501650
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.