This page reflects COO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — COO
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (6.73 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
±$2.10
±2.7%
Days to Expiry
2
Calendar days
Total Call OI
1,578
Nearest expiry
Total Put OI
974
Nearest expiry
P/C OI Ratio
0.62
Put-heavy
Spot Price
$76.73
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, 11:10:40 PM
2026-07-17
$70.00
7/17/2026, 11:09:33 PM
2026-08-21NextUpdated
$70.00
8/19/2026, 11:10:03 PM
2026-09-18
$75.00
8/19/2026, 11:10:03 PM
2026-11-20
$70.00
8/19/2026, 11:10:03 PM
2026-12-18
$60.00
8/19/2026, 11:10:03 PM
2027-02-19
$70.00
8/19/2026, 11:10:03 PM
Selected expiration: 2026-08-21 at max pain $70.00.
COO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
2404000
2404000
45
500
1927500
1928000
50
2000
1465000
1467000
55
4500
1031500
1036000
60
7000
606500
613500
65
22000
238000
260000
70
102000
80500
182500
75
266000
0
266000
80
789500
0
789500
85
1547500
0
1547500
90
2315500
0
2315500
95
3085500
0
3085500
100
3855500
0
3855500
105
4637500
0
4637500
110
5419500
0
5419500
125
7785000
0
7785000
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.