This page reflects DAVE 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 — DAVE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $320.00 (13.14 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$320.00
Nearest expiry
Expected Move
±$15.85
±4.8%
Days to Expiry
3
Calendar days
Total Call OI
4,109
Nearest expiry
Total Put OI
3,345
Nearest expiry
P/C OI Ratio
0.81
Put-heavy
Spot Price
$333.14
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
$460.00
8/7/2026, 11:10:13 PM
2026-08-14
$320.00
8/14/2026, 11:11:17 PM
2026-08-21NextUpdated
$320.00
8/18/2026, 11:12:12 PM
2026-08-28
$365.00
8/18/2026, 11:12:12 PM
2026-09-04
$345.00
8/18/2026, 11:12:12 PM
2026-09-11
$305.00
8/18/2026, 11:12:12 PM
2026-09-18
$310.00
8/18/2026, 11:12:12 PM
2026-09-25
$290.00
8/18/2026, 11:12:12 PM
2026-10-16
$270.00
8/18/2026, 11:12:12 PM
2026-11-20
$300.00
8/18/2026, 11:12:12 PM
2026-12-18
$390.00
8/18/2026, 11:12:12 PM
2027-01-15
$220.00
8/18/2026, 11:12:12 PM
2027-06-17
$250.00
8/18/2026, 11:12:12 PM
Selected expiration: 2026-08-21 at max pain $320.00.
DAVE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
68475500
68475500
85
500
66803000
66803500
90
1500
65130500
65132000
100
3500
61786500
61790000
105
4500
60115000
60119500
110
5500
58443500
58449000
115
6500
56772500
56779000
120
7500
55101500
55109000
125
8500
53430500
53439000
130
9500
51759500
51769000
135
10500
50088500
50099000
140
12000
48419500
48431500
145
14000
46751000
46765000
150
17000
45082500
45099500
155
21000
43415500
43436500
160
25000
41748500
41773500
165
29000
40084500
40113500
170
33000
38420500
38453500
175
45500
36768000
36813500
180
59000
35117500
35176500
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.