thetaOwl
HomeOptionsDELLMax Pain

DELL

Dell Technologies Inc.Close $468.65EOD only
Max Pain
$430.00
Next expiry Aug 21, 2026
Expected Move
±$25.20
5.4% from close
Price Gap
-38.65
Distance to max pain
IV Rank
28
Middle-high premium
P/C OI
1.20
Slightly put-heavy
Consensus
4/4
Partial coverage
Published snapshot: Aug 18, 2026 close
End-of-day snapshot

This page reflects DELL 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 — DELL
Data as of market close Aug 18, 2026
Open Available Reports (4/4)

Nearest listed expiration 2026-08-21 shows max pain at $430.00 (38.65 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$430.00
Nearest expiry
Expected Move
±$25.20
±5.4%
Days to Expiry
3
Calendar days
Total Call OI
48,729
Nearest expiry
Total Put OI
62,455
Nearest expiry
P/C OI Ratio
1.28
Put-heavy
Spot Price
$468.65
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-08-21
ExpirationMax Pain StrikeLast Updated
2026-08-07$425.008/7/2026, 11:11:38 PM
2026-08-14$470.008/14/2026, 11:08:28 PM
2026-08-21NextUpdated$430.008/18/2026, 11:08:47 PM
2026-08-28$455.008/18/2026, 11:08:47 PM
2026-09-04$420.008/18/2026, 11:08:47 PM
2026-09-11$435.008/18/2026, 11:08:47 PM
2026-09-18$350.008/18/2026, 11:08:47 PM
2026-09-25$455.008/18/2026, 11:08:47 PM
2026-10-02$475.008/18/2026, 11:08:47 PM
2026-10-16$380.008/18/2026, 11:08:47 PM
2026-11-20$380.008/18/2026, 11:08:47 PM
2026-12-18$200.008/18/2026, 11:08:47 PM
2027-01-15$200.008/18/2026, 11:08:47 PM
2027-03-19$210.008/18/2026, 11:08:47 PM
2027-06-17$300.008/18/2026, 11:08:47 PM
Selected expiration: 2026-08-21 at max pain $430.00.
DELL pain by strike for 2026-08-21 expiration
StrikeCall PainPut PainTotal Pain
60015703130001570313000
6550015391505001539151000
70300015080395001508042500
75700014769610001476968000
801200014459230001445935000
851750014149395001414957000
902400013842135001384237500
953150013535685001353600000
1003950013229680001323007500
1054800012924660001292514000
1105800012622580001262316000
1156800012320985001232166500
1207850012021025001202181000
1259550011722250001172320500
13011600011425175001142633500
13513800011131565001113294500
14018100010841300001084311000
14524150010552605001055502000
15033200010264885001026820500
155461500998340500998802000
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.