This page reflects CF 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 — CF
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $118.00 (1.72 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$118.00
Nearest expiry
Expected Move
±$3.62
±3.0%
Days to Expiry
3
Calendar days
Total Call OI
9,093
Nearest expiry
Total Put OI
11,404
Nearest expiry
P/C OI Ratio
1.25
Put-heavy
Spot Price
$119.72
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
$117.00
8/7/2026, 11:04:00 PM
2026-08-14
$119.00
8/14/2026, 11:09:36 PM
2026-08-21NextUpdated
$118.00
8/18/2026, 11:09:19 PM
2026-08-28
$125.00
8/18/2026, 11:09:19 PM
2026-09-04
$115.00
8/18/2026, 11:09:19 PM
2026-09-11
$120.00
8/18/2026, 11:09:19 PM
2026-09-18
$115.00
8/18/2026, 11:09:19 PM
2026-09-25
$110.00
8/18/2026, 11:09:19 PM
2026-10-02
$114.00
8/18/2026, 11:09:19 PM
2026-10-16
$125.00
8/18/2026, 11:09:19 PM
2026-11-20
$115.00
8/18/2026, 11:09:19 PM
2026-12-18
$100.00
8/18/2026, 11:09:19 PM
2027-01-15
$100.00
8/18/2026, 11:09:19 PM
2027-02-19
$95.00
8/18/2026, 11:09:19 PM
2027-03-19
$130.00
8/18/2026, 11:09:19 PM
2027-06-17
$80.00
8/18/2026, 11:09:19 PM
Selected expiration: 2026-08-21 at max pain $118.00.
CF pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
65957100
65957100
55
0
54558100
54558100
60
0
48876100
48876100
65
0
43200100
43200100
67.5
0
40363100
40363100
70
0
37531600
37531600
72.5
0
34701600
34701600
75
0
31872600
31872600
77.5
0
29046350
29046350
80
0
26224350
26224350
82.5
0
23407600
23407600
85
0
20594600
20594600
87.5
0
17799100
17799100
90
0
15017850
15017850
92.5
0
12334850
12334850
95
0
10782100
10782100
97.5
0
9286600
9286600
100
250
7855600
7855850
105
1250
5126100
5127350
106
1450
4747800
4749250
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.