This page reflects CNC 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 — CNC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $62.50 (2.72 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$62.50
Nearest expiry
Expected Move
±$2.05
±3.1%
Days to Expiry
3
Calendar days
Total Call OI
11,459
Nearest expiry
Total Put OI
7,128
Nearest expiry
P/C OI Ratio
0.62
Put-heavy
Spot Price
$65.22
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
$63.00
8/7/2026, 11:09:28 PM
2026-08-14
$62.00
8/14/2026, 11:08:51 PM
2026-08-21NextUpdated
$62.50
8/18/2026, 11:07:40 PM
2026-08-28
$64.00
8/18/2026, 11:07:40 PM
2026-09-04
$64.00
8/18/2026, 11:07:40 PM
2026-09-11
$63.00
8/18/2026, 11:07:40 PM
2026-09-18
$45.00
8/18/2026, 11:07:40 PM
2026-09-25
$62.00
8/18/2026, 11:07:40 PM
2026-10-16
$65.00
8/18/2026, 11:07:40 PM
2026-11-20
$60.00
8/18/2026, 11:07:40 PM
2026-12-18
$57.50
8/18/2026, 11:07:40 PM
2027-01-15
$25.00
8/18/2026, 11:07:40 PM
2027-03-19
$55.00
8/18/2026, 11:07:40 PM
2027-06-17
$75.00
8/18/2026, 11:07:40 PM
Selected expiration: 2026-08-21 at max pain $62.50.
CNC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
20507100
20507100
32.5
6250
18727600
18733850
35
13500
16948100
16961600
37.5
21750
15168850
15190600
40
30500
13389600
13420100
42.5
54000
11616600
11670600
45
83500
9844100
9927600
47.5
118500
8086100
8204600
50
157500
6457600
6615100
51
177300
5855000
6032300
52.5
210000
4951250
5161250
53
221750
4672800
4894550
54
245250
4116200
4361450
55
268750
3559900
3828650
56
294850
3070600
3365450
57
320950
2584800
2905750
57.5
334000
2344300
2678300
58
349700
2123650
2473350
59
383000
1683750
2066750
60
417500
1265050
1682550
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.