This page reflects DCI 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 — DCI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $95.00 (1.03 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$3.10
±3.3%
Days to Expiry
3
Calendar days
Total Call OI
419
Nearest expiry
Total Put OI
200
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$93.97
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
2026-06-18
$85.00
6/18/2026, 11:11:06 PM
2026-07-17
$85.00
7/17/2026, 11:13:45 PM
2026-08-21NextUpdated
$95.00
8/18/2026, 11:10:47 PM
2026-09-18
$90.00
8/18/2026, 11:10:47 PM
2026-11-20
$80.00
8/18/2026, 11:10:47 PM
2027-02-19
$70.00
8/18/2026, 11:10:47 PM
Selected expiration: 2026-08-21 at max pain $95.00.
DCI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
457000
457000
65
0
357000
357000
70
500
265500
266000
75
1000
180000
181000
80
1500
104000
105500
85
2000
53500
55500
90
3500
13000
16500
95
5500
5000
10500
100
58500
500
59000
105
163500
0
163500
110
294500
0
294500
115
446500
0
446500
120
599500
0
599500
125
777500
0
777500
145
1489500
0
1489500
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.