This page reflects CDNS 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 — CDNS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $340.00 (23.48 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$340.00
Nearest expiry
Expected Move
±$8.32
±2.6%
Days to Expiry
3
Calendar days
Total Call OI
15,355
Nearest expiry
Total Put OI
27,207
Nearest expiry
P/C OI Ratio
1.77
Put-heavy
Spot Price
$316.52
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
$337.50
8/7/2026, 11:08:24 PM
2026-08-14
$335.00
8/14/2026, 11:10:24 PM
2026-08-21NextUpdated
$340.00
8/18/2026, 11:09:12 PM
2026-08-28
$330.00
8/18/2026, 11:09:12 PM
2026-09-04
$320.00
8/18/2026, 11:09:12 PM
2026-09-11
$325.00
8/18/2026, 11:09:12 PM
2026-09-18
$370.00
8/18/2026, 11:09:12 PM
2026-09-25
$325.00
8/18/2026, 11:09:12 PM
2026-10-02
$320.00
8/18/2026, 11:09:12 PM
2026-11-20
$340.00
8/18/2026, 11:09:12 PM
2026-12-18
$340.00
8/18/2026, 11:09:12 PM
2027-01-15
$350.00
8/18/2026, 11:09:12 PM
2027-02-19
$325.00
8/18/2026, 11:09:12 PM
2027-03-19
$340.00
8/18/2026, 11:09:12 PM
2027-06-17
$350.00
8/18/2026, 11:09:12 PM
Selected expiration: 2026-08-21 at max pain $340.00.
CDNS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
145
0
430686750
430686750
150
2500
417083250
417085750
155
5500
403480250
403485750
160
11000
389881250
389892250
165
17000
376386750
376403750
170
26000
362892250
362918250
175
36500
349397750
349434250
180
47000
335905750
335952750
185
58000
322414750
322472750
190
69500
308923750
308993250
195
82000
295453250
295535250
200
95000
281983250
282078250
210
126000
255093250
255219250
220
164000
228313250
228477250
225
184500
214927250
215111750
230
206500
201553250
201759750
235
229500
188182750
188412250
240
252500
174825250
175077750
245
278000
161489750
161767750
250
304500
148234750
148539250
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.