This page reflects CMC 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 — CMC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (0.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$2.12
±3.0%
Days to Expiry
3
Calendar days
Total Call OI
888
Nearest expiry
Total Put OI
532
Nearest expiry
P/C OI Ratio
0.60
Put-heavy
Spot Price
$70.98
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
$70.00
6/18/2026, 11:08:24 PM
2026-07-17
$67.50
7/17/2026, 11:09:37 PM
2026-08-21NextUpdated
$70.00
8/18/2026, 11:03:59 PM
2026-09-18
$65.00
8/18/2026, 11:03:59 PM
2026-11-20
$65.00
8/18/2026, 11:03:59 PM
2026-12-18
$55.00
8/18/2026, 11:03:59 PM
2027-03-19
$57.50
8/18/2026, 11:03:59 PM
Selected expiration: 2026-08-21 at max pain $70.00.
CMC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
47.5
0
363500
363500
50
250
286750
287000
55
750
183250
184000
57.5
1000
136000
137000
60
1750
95000
96750
62.5
3500
64500
68000
65
6000
40000
46000
67.5
20000
19500
39500
70
35750
3250
39000
72.5
136500
1250
137750
75
256250
0
256250
77.5
419250
0
419250
80
627750
0
627750
82.5
847500
0
847500
85
1068750
0
1068750
95
1956750
0
1956750
110
3288750
0
3288750
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.