This page reflects DAR 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 — DAR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $55.00 (13.34 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$1.57
±2.3%
Days to Expiry
3
Calendar days
Total Call OI
6,049
Nearest expiry
Total Put OI
2,400
Nearest expiry
P/C OI Ratio
0.40
Put-heavy
Spot Price
$68.34
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
$57.50
6/18/2026, 11:11:39 PM
2026-07-17
$47.50
7/17/2026, 11:04:16 PM
2026-08-21NextUpdated
$55.00
8/18/2026, 11:10:24 PM
2026-09-18
$60.00
8/18/2026, 11:10:24 PM
2026-10-16
$55.00
8/18/2026, 11:10:24 PM
2027-01-15
$30.00
8/18/2026, 11:10:24 PM
Selected expiration: 2026-08-21 at max pain $55.00.
DAR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
5934750
5934750
35
500
4734750
4735250
40
1500
3534750
3536250
45
3000
2335250
2338250
47.5
5250
1735500
1740750
50
7500
1138750
1146250
52.5
22500
574250
596750
55
46250
121250
167500
57.5
253250
53750
307000
60
544750
15250
560000
62.5
951750
8250
960000
65
1884750
2000
1886750
67.5
3225000
1250
3226250
70
4572750
500
4573250
72.5
6057000
250
6057250
75
7554500
0
7554500
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.