This page reflects DAN 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 — DAN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $28.00 (2.79 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$28.00
Nearest expiry
Expected Move
±$4.55
±14.8%
Days to Expiry
3
Calendar days
Total Call OI
682
Nearest expiry
Total Put OI
233
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$30.79
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
$28.00
6/18/2026, 11:10:29 PM
2026-07-17
$28.00
7/17/2026, 11:09:53 PM
2026-08-21NextUpdated
$28.00
8/18/2026, 11:11:12 PM
2026-09-18
$29.00
8/18/2026, 11:11:12 PM
2026-11-20
$27.00
8/18/2026, 11:11:12 PM
2026-12-18
$29.00
8/18/2026, 11:11:12 PM
2027-01-15
$30.00
8/18/2026, 11:11:12 PM
2027-02-19
$27.00
8/18/2026, 11:11:12 PM
Selected expiration: 2026-08-21 at max pain $28.00.
DAN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
14
0
289000
289000
16
600
242400
243000
18
1200
195800
197000
19
1500
173500
175000
20
1800
151700
153500
22
2400
109100
111500
23
2700
88000
90700
24
3000
73600
76600
25
3400
59300
62700
26
4200
46600
50800
27
7100
35000
42100
28
11200
25100
36300
29
29900
16700
46600
30
49300
10700
60000
31
71600
7900
79500
32
99700
6400
106100
33
128200
5400
133600
34
158300
4400
162700
35
188400
3400
191800
36
219700
2500
222200
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.