Nearest listed expiration 2026-08-21 shows max pain at $152.50 (1.95 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$152.50
Nearest expiry
Expected Move
±$8.32
±5.5%
Days to Expiry
4
Calendar days
Total Call OI
134,084
Nearest expiry
Total Put OI
83,255
Nearest expiry
P/C OI Ratio
0.62
Put-heavy
Spot Price
$150.55
Published close
Consensus
6.5/10
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
$145.00
8/7/2026, 11:08:54 PM
2026-08-14
$150.00
8/14/2026, 11:08:40 PM
2026-08-21NextUpdated
$152.50
8/17/2026, 11:09:49 PM
2026-08-28
$150.00
8/17/2026, 11:09:49 PM
2026-09-04
$148.00
8/17/2026, 11:09:49 PM
2026-09-11
$148.00
8/17/2026, 11:09:49 PM
2026-09-18
$170.00
8/17/2026, 11:09:49 PM
2026-09-25
$155.00
8/17/2026, 11:09:49 PM
2026-10-02
$150.00
8/17/2026, 11:09:49 PM
2026-10-16
$150.00
8/17/2026, 11:09:49 PM
2026-11-20
$180.00
8/17/2026, 11:09:49 PM
2026-12-18
$200.00
8/17/2026, 11:09:49 PM
2027-01-15
$190.00
8/17/2026, 11:09:49 PM
2027-02-19
$180.00
8/17/2026, 11:09:49 PM
2027-03-19
$180.00
8/17/2026, 11:09:49 PM
2027-04-16
$200.00
8/17/2026, 11:09:49 PM
2027-05-21
$195.00
8/17/2026, 11:09:49 PM
2027-06-17
$170.00
8/17/2026, 11:09:49 PM
Selected expiration: 2026-08-21 at max pain $152.50.
COIN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
1034235700
1034235700
10
2000
992908700
992910700
15
5500
951586700
951592200
20
9000
910354200
910363200
25
12500
869143200
869155700
30
16000
828553200
828569200
35
19500
788278700
788298200
40
23000
748410700
748433700
45
26500
708876700
708903200
50
40500
670027700
670068200
55
55000
631264700
631319700
60
70000
592609200
592679200
65
88000
554587200
554675200
70
106000
516901200
517007200
75
156000
479507200
479663200
80
208000
442185700
442393700
85
263500
405142200
405405700
90
319500
368522700
368842200
95
378500
333855200
334233700
100
452000
299379200
299831200
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.