This page reflects CCI 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 — CCI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $75.00 (0.97 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$1.98
±2.7%
Days to Expiry
3
Calendar days
Total Call OI
10,953
Nearest expiry
Total Put OI
2,645
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$74.03
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
$87.50
6/18/2026, 11:10:10 PM
2026-07-17
$77.50
7/17/2026, 11:04:16 PM
2026-08-21NextUpdated
$75.00
8/18/2026, 11:08:17 PM
2026-09-18
$80.00
8/18/2026, 11:08:17 PM
2026-10-16
$77.50
8/18/2026, 11:08:17 PM
2026-12-18
$75.00
8/18/2026, 11:08:17 PM
2027-01-15
$85.00
8/18/2026, 11:08:17 PM
2027-03-19
$80.00
8/18/2026, 11:08:17 PM
2027-06-17
$75.00
8/18/2026, 11:08:17 PM
Selected expiration: 2026-08-21 at max pain $75.00.
CCI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
3522750
3522750
65
0
2203250
2203250
67.5
250
1573000
1573250
70
750
1022750
1023500
72.5
29000
565500
594500
75
201000
220500
421500
77.5
399500
109750
509250
80
839250
41250
880500
82.5
1534500
0
1534500
85
2487250
0
2487250
87.5
3741500
0
3741500
90
5047000
0
5047000
92.5
7028500
0
7028500
95
9714500
0
9714500
97.5
12420250
0
12420250
100
15145250
0
15145250
105
20615250
0
20615250
110
26088250
0
26088250
130
47990250
0
47990250
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.