This page reflects DE 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 — DE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $612.50 (23.78 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$612.50
Nearest expiry
Expected Move
±$29.80
±5.1%
Days to Expiry
3
Calendar days
Total Call OI
3,538
Nearest expiry
Total Put OI
5,810
Nearest expiry
P/C OI Ratio
1.64
Put-heavy
Spot Price
$588.72
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
$597.50
8/7/2026, 11:13:13 PM
2026-08-14
$607.50
8/14/2026, 11:11:32 PM
2026-08-21NextUpdated
$612.50
8/18/2026, 11:12:55 PM
2026-08-28
$615.00
8/18/2026, 11:12:55 PM
2026-09-04
$640.00
8/18/2026, 11:12:55 PM
2026-09-11
$620.00
8/18/2026, 11:12:55 PM
2026-09-18
$590.00
8/18/2026, 11:12:55 PM
2026-09-25
$650.00
8/18/2026, 11:12:55 PM
2026-10-02
$610.00
8/18/2026, 11:12:55 PM
2026-12-18
$520.00
8/18/2026, 11:12:55 PM
2027-01-15
$520.00
8/18/2026, 11:12:55 PM
2027-02-19
$640.00
8/18/2026, 11:12:55 PM
2027-03-19
$590.00
8/18/2026, 11:12:55 PM
2027-06-17
$600.00
8/18/2026, 11:12:55 PM
Selected expiration: 2026-08-21 at max pain $612.50.
DE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
440
0
72727250
72727250
450
0
66944250
66944250
460
3000
61187250
61190250
470
7000
55443250
55450250
480
22000
49734250
49756250
490
37000
44226250
44263250
500
52000
39081250
39133250
510
67000
34215250
34282250
520
86000
29434250
29520250
530
119000
24728250
24847250
535
140500
22412750
22553250
540
162500
20119250
20281750
545
195500
18105250
18300750
550
229500
16100750
16330250
555
272000
14284750
14556750
560
316500
12491250
12807750
565
370000
10764750
11134750
570
425500
9086750
9512250
575
493500
7748750
8242250
577.5
537500
7099000
7636500
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.