This page reflects DFTX 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 — DFTX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $40.00 (6.18 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$3.15
±6.8%
Days to Expiry
3
Calendar days
Total Call OI
28,682
Nearest expiry
Total Put OI
14,746
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$46.18
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
$20.00
6/18/2026, 11:13:43 PM
2026-07-17
$25.00
7/17/2026, 11:11:41 PM
2026-08-21NextUpdated
$40.00
8/18/2026, 11:12:09 PM
2026-09-18
$37.00
8/18/2026, 11:12:09 PM
2026-12-18
$35.00
8/18/2026, 11:12:09 PM
2027-01-15
$10.00
8/18/2026, 11:12:09 PM
2027-03-19
$30.00
8/18/2026, 11:12:09 PM
Selected expiration: 2026-08-21 at max pain $40.00.
DFTX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
12
0
40311900
40311900
13
0
38837600
38837600
14
0
37366300
37366300
17
0
32952400
32952400
18
0
31481500
31481500
19
1000
30011200
30012200
20
2000
28542000
28544000
21
3200
27082500
27085700
22
4600
25623000
25627600
23
8100
24163600
24171700
24
13000
22707100
22720100
25
18800
21260700
21279500
26
28300
19817700
19846000
27
40800
18374800
18415600
28
58700
16932400
16991100
29
85000
15500000
15585000
30
114700
14083800
14198500
31
149000
12744900
12893900
32
191200
11412900
11604100
33
240300
10086900
10327200
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.