This page reflects D 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 — D
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (1.39 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
±$1.65
±2.4%
Days to Expiry
3
Calendar days
Total Call OI
8,938
Nearest expiry
Total Put OI
2,746
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$68.61
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, 11:13:05 PM
2026-07-17
$65.00
7/17/2026, 11:11:57 PM
2026-08-21NextUpdated
$70.00
8/18/2026, 11:10:21 PM
2026-09-18
$67.50
8/18/2026, 11:10:21 PM
2026-10-16
$65.00
8/18/2026, 11:10:21 PM
2026-12-18
$65.00
8/18/2026, 11:10:21 PM
2027-01-15
$60.00
8/18/2026, 11:10:21 PM
2027-03-19
$65.00
8/18/2026, 11:10:21 PM
2027-06-17
$72.50
8/18/2026, 11:10:21 PM
Selected expiration: 2026-08-21 at max pain $70.00.
D pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
5708250
5708250
55
1000
2964250
2965250
60
1500
1594250
1595750
62.5
2000
981500
983500
65
5500
460500
466000
67.5
17250
113500
130750
70
86000
27000
113000
72.5
273250
0
273250
75
2276250
0
2276250
77.5
4451000
0
4451000
80
6672750
0
6672750
85
11127250
0
11127250
90
15596250
0
15596250
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.