This page reflects COCO 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 — COCO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (6.46 above 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
±$3.28
±5.2%
Days to Expiry
3
Calendar days
Total Call OI
912
Nearest expiry
Total Put OI
585
Nearest expiry
P/C OI Ratio
0.64
Put-heavy
Spot Price
$63.54
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
$65.00
6/18/2026, 11:11:48 PM
2026-07-17
$60.00
7/17/2026, 11:10:31 PM
2026-08-21NextUpdated
$70.00
8/18/2026, 11:09:12 PM
2026-09-18
$65.00
8/18/2026, 11:09:12 PM
2026-10-16
$70.00
8/18/2026, 11:09:12 PM
2026-12-18
$40.00
8/18/2026, 11:09:12 PM
2027-01-15
$65.00
8/18/2026, 11:09:12 PM
Selected expiration: 2026-08-21 at max pain $70.00.
COCO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
986500
986500
50
0
697000
697000
55
500
427000
427500
60
3000
203000
206000
65
13500
91500
105000
70
31500
500
32000
75
219500
0
219500
80
435500
0
435500
85
686000
0
686000
90
1019000
0
1019000
95
1454000
0
1454000
100
1902500
0
1902500
105
2356500
0
2356500
110
2811000
0
2811000
115
3266000
0
3266000
120
3721500
0
3721500
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.