This page reflects CMPX 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 — CMPX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $2.00 (0.39 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$2.00
Nearest expiry
Expected Move
±$0.38
±15.7%
Days to Expiry
3
Calendar days
Total Call OI
5,518
Nearest expiry
Total Put OI
127
Nearest expiry
P/C OI Ratio
0.02
Put-heavy
Spot Price
$2.39
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
$2.00
6/18/2026, 11:08:00 PM
2026-07-17
$2.00
7/17/2026, 11:09:56 PM
2026-08-21NextUpdated
$2.00
8/18/2026, 11:10:23 PM
2026-09-18
$2.00
8/18/2026, 11:10:23 PM
2026-11-20
$2.00
8/18/2026, 11:10:23 PM
2026-12-18
$2.00
8/18/2026, 11:10:23 PM
2027-01-15
$2.00
8/18/2026, 11:10:23 PM
2027-02-19
$2.00
8/18/2026, 11:10:23 PM
Selected expiration: 2026-08-21 at max pain $2.00.
CMPX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
23400
23400
2
3700
10700
14400
3
274800
4200
279000
4
750100
1700
751800
5
1270000
1200
1271200
6
1796800
700
1797500
7
2345400
600
2346000
8
2895400
500
2895900
10
3996400
300
3996700
11
4547600
200
4547800
12
5098900
100
5099000
13
5650400
0
5650400
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.