This page reflects DD 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 — DD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $55.00 (83.81 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
±$3.38
±2.4%
Days to Expiry
3
Calendar days
Total Call OI
3,092
Nearest expiry
Total Put OI
512
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$138.81
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
$47.50
6/18/2026, 11:11:37 PM
2026-07-17
$47.50
7/17/2026, 11:11:30 PM
2026-08-21NextUpdated
$55.00
8/18/2026, 11:12:18 PM
2026-09-18
$50.00
8/18/2026, 11:12:18 PM
2026-10-16
$50.00
8/18/2026, 11:12:18 PM
2026-12-18
$45.00
8/18/2026, 11:12:18 PM
2027-01-15
$72.50
8/18/2026, 11:12:18 PM
2027-03-19
$50.00
8/18/2026, 11:12:18 PM
2027-06-17
$115.00
8/18/2026, 11:12:18 PM
Selected expiration: 2026-08-21 at max pain $55.00.
DD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
4344250
4344250
40
1500
3576250
3577750
42.5
1750
3451000
3452750
45
2000
3327250
3329250
47.5
4500
3215750
3220250
50
10000
3108000
3118000
52.5
26000
3015250
3041250
55
77750
2922500
3000250
57.5
277750
2829750
3107500
60
549750
2737000
3286750
85
3302250
1809500
5111750
95
4403250
1439500
5842750
100
4955250
1254500
6209750
110
6061250
884500
6945750
115
6614250
711000
7325250
120
7167250
545000
7712250
125
7721750
387000
8108750
130
8276750
236500
8513250
135
8849250
103500
8952750
140
9543750
15500
9559250
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.