This page reflects CRSP 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 — CRSP
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $50.00 (2.97 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$2.55
±4.8%
Days to Expiry
3
Calendar days
Total Call OI
6,984
Nearest expiry
Total Put OI
2,642
Nearest expiry
P/C OI Ratio
0.38
Put-heavy
Spot Price
$52.97
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
$50.00
8/7/2026, 11:11:27 PM
2026-08-14
$51.00
8/14/2026, 11:11:25 PM
2026-08-21NextUpdated
$50.00
8/18/2026, 11:10:56 PM
2026-08-28
$53.00
8/18/2026, 11:10:56 PM
2026-09-04
$51.00
8/18/2026, 11:10:56 PM
2026-09-11
$50.00
8/18/2026, 11:10:56 PM
2026-09-18
$55.00
8/18/2026, 11:10:56 PM
2026-09-25
$50.00
8/18/2026, 11:10:56 PM
2026-10-16
$50.00
8/18/2026, 11:10:56 PM
2027-01-15
$50.00
8/18/2026, 11:10:56 PM
Selected expiration: 2026-08-21 at max pain $50.00.
CRSP pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
4317850
4317850
32.5
250
3662850
3663100
35
500
3022850
3023350
37
1300
2516850
2518150
37.5
1500
2390450
2391950
38
1700
2266600
2268300
39
2100
2020600
2022700
40
2500
1774800
1777300
41
4000
1570600
1574600
42
5500
1368100
1373600
42.5
6600
1269650
1276250
43
23400
1179050
1202450
44
57700
998850
1056550
45
92000
823850
915850
46
128000
675450
803450
47
164800
529650
694450
47.5
185600
459550
645150
48
207250
403000
610250
49
258450
290900
549350
50
311850
187600
499450
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.