This page reflects CC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — CC
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $16.00 (0.09 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.00
Nearest expiry
Expected Move
±$0.53
±3.3%
Days to Expiry
2
Calendar days
Total Call OI
12,836
Nearest expiry
Total Put OI
3,039
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$15.91
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
$17.00
8/7/2026, 11:07:51 PM
2026-08-14
$15.50
8/14/2026, 11:09:10 PM
2026-08-21NextUpdated
$16.00
8/19/2026, 11:04:25 PM
2026-08-28
$18.00
8/19/2026, 11:04:25 PM
2026-09-04
$17.00
8/19/2026, 11:04:25 PM
2026-09-11
$15.50
8/19/2026, 11:04:25 PM
2026-09-18
$14.00
8/19/2026, 11:04:25 PM
2026-09-25
$15.00
8/19/2026, 11:04:25 PM
2026-10-02
$15.50
8/19/2026, 11:04:25 PM
2026-10-16
$18.00
8/19/2026, 11:04:25 PM
2027-01-15
$15.00
8/19/2026, 11:04:25 PM
Selected expiration: 2026-08-21 at max pain $16.00.
CC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
11
0
1312400
1312400
11.5
0
1160500
1160500
12
0
1008700
1008700
12.5
400
857250
857650
13
800
708200
709000
13.5
1250
563700
564950
14
1700
420650
422350
14.5
4650
304550
309200
15
9200
219300
228500
15.5
31200
171450
202650
16
61550
139550
201100
16.5
106900
111150
218050
17
153850
89200
243050
17.5
215550
70900
286450
18
343450
52900
396350
18.5
529700
40450
570150
19
718950
28550
747500
19.5
960950
22000
982950
20
1204000
17800
1221800
20.5
1471050
15050
1486100
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.