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HomeOptionsDIAMax Pain

DIA

SPDR Dow Jones Industrial Average ETFClose $532.91EOD only
Max Pain
$533.00
Next expiry Aug 21, 2026
Expected Move
±$4.54
0.8% from close
Price Gap
+0.09
Distance to max pain
IV Rank
4
Low premium
P/C OI
1.59
Slightly put-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Aug 18, 2026 close
End-of-day snapshot

This page reflects DIA 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 — DIA
Data as of market close Aug 18, 2026
Open Directional Report

Nearest listed expiration 2026-08-21 shows max pain at $533.00 (0.09 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$533.00
Nearest expiry
Expected Move
±$4.54
±0.8%
Days to Expiry
3
Calendar days
Total Call OI
41,110
Nearest expiry
Total Put OI
46,613
Nearest expiry
P/C OI Ratio
1.13
Put-heavy
Spot Price
$532.91
Published close
Consensus
7.0/10
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$533.008/7/2026, 11:12:15 PM
2026-08-14$536.008/14/2026, 11:14:37 PM
2026-08-21NextUpdated$533.008/18/2026, 11:11:38 PM
2026-08-28$534.008/18/2026, 11:11:38 PM
2026-09-04$535.008/18/2026, 11:11:38 PM
2026-09-11$533.008/18/2026, 11:11:38 PM
2026-09-18$510.008/18/2026, 11:11:38 PM
2026-09-25$538.008/18/2026, 11:11:38 PM
2026-09-30$492.008/18/2026, 11:11:38 PM
2026-10-02$538.008/18/2026, 11:11:38 PM
2026-10-16$530.008/18/2026, 11:11:38 PM
2026-12-18$495.008/18/2026, 11:11:38 PM
2026-12-31$525.008/18/2026, 11:11:38 PM
2027-01-15$510.008/18/2026, 11:11:38 PM
2027-03-19$545.008/18/2026, 11:11:38 PM
2027-03-31$545.008/18/2026, 11:11:38 PM
2027-06-17$520.008/18/2026, 11:11:38 PM
2027-06-30$510.008/18/2026, 11:11:38 PM
Selected expiration: 2026-08-21 at max pain $533.00.
DIA pain by strike for 2026-08-21 expiration
StrikeCall PainPut PainTotal Pain
3950535218900535218900
40017000512359900512376900
40535500489542400489577900
41054500466887400466941900
41576000444241400444317400
420113500421613400421726900
425154000399119900399273900
430217000376632900376849900
435290500354252900354543400
440367500331892400332259900
445448000309590900310038900
450546500287301400287847900
455646500265054400265700900
460751000243300900244051900
465863500221756900222620400
470985500200302900201288400
4751122000179378900180500900
4801297000158642400159939400
4851480500138127400139607900
4901694500118320400120014900
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.