This page reflects CART 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 — CART
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $47.50 (1.43 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$47.50
Nearest expiry
Expected Move
±$2.35
±4.8%
Days to Expiry
3
Calendar days
Total Call OI
13,755
Nearest expiry
Total Put OI
6,005
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$48.93
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
$47.00
8/7/2026, 11:07:44 PM
2026-08-14
$47.50
8/14/2026, 11:09:45 PM
2026-08-21NextUpdated
$47.50
8/18/2026, 11:03:57 PM
2026-08-28
$47.00
8/18/2026, 11:03:57 PM
2026-09-04
$51.00
8/18/2026, 11:03:57 PM
2026-09-11
$49.00
8/18/2026, 11:03:57 PM
2026-09-18
$45.00
8/18/2026, 11:03:57 PM
2026-09-25
$46.00
8/18/2026, 11:03:57 PM
2026-10-16
$46.00
8/18/2026, 11:03:57 PM
2026-11-20
$47.00
8/18/2026, 11:03:57 PM
2027-01-15
$47.00
8/18/2026, 11:03:57 PM
Selected expiration: 2026-08-21 at max pain $47.50.
CART pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
21
0
13736650
13736650
22
0
13136250
13136250
23
1000
12535950
12536950
24
3000
11936550
11939550
25
5000
11337350
11342350
26
7000
10739250
10746250
27
9000
10141150
10150150
28
11000
9543250
9554250
29
13000
8945550
8958550
30
15000
8348050
8363050
31
17000
7751250
7768250
32
19000
7154850
7173850
33
21000
6559850
6580850
34
23200
5965050
5988250
35
25400
5373550
5398950
36
27700
4786250
4813950
37
30800
4217150
4247950
38
33900
3656650
3690550
39
37000
3105650
3142650
40
46400
2682350
2728750
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.