This page reflects CR 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 — CR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $210.00 (4.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$210.00
Nearest expiry
Expected Move
±$6.83
±3.2%
Days to Expiry
3
Calendar days
Total Call OI
1,704
Nearest expiry
Total Put OI
1,611
Nearest expiry
P/C OI Ratio
0.95
Put-heavy
Spot Price
$214.98
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
$170.00
6/18/2026, 11:10:27 PM
2026-07-17
$220.00
7/17/2026, 11:04:11 PM
2026-08-21NextUpdated
$210.00
8/18/2026, 11:09:07 PM
2026-09-18
$210.00
8/18/2026, 11:09:07 PM
2026-11-20
$180.00
8/18/2026, 11:09:07 PM
2026-12-18
$195.00
8/18/2026, 11:09:07 PM
2027-03-19
$210.00
8/18/2026, 11:09:07 PM
Selected expiration: 2026-08-21 at max pain $210.00.
CR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
115
0
14449500
14449500
120
0
13644500
13644500
125
15000
12841000
12856000
130
30000
12037500
12067500
135
45000
11234000
11279000
140
60000
10430500
10490500
145
75000
9627000
9702000
150
90000
8823500
8913500
155
105000
8020500
8125500
160
120000
7219500
7339500
165
135000
6421500
6556500
170
150000
5628000
5778000
175
170500
4843000
5013500
180
561500
4062500
4624000
185
1009000
3287500
4296500
190
1457500
2517500
3975000
195
1911000
1896000
3807000
200
2365500
1275000
3640500
210
3279500
102000
3381500
220
4204500
0
4204500
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.