This page reflects DK 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 — DK
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $60.00 (8.22 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$3.83
±5.6%
Days to Expiry
3
Calendar days
Total Call OI
6,372
Nearest expiry
Total Put OI
1,047
Nearest expiry
P/C OI Ratio
0.16
Put-heavy
Spot Price
$68.22
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, 11:11:32 PM
2026-07-17
$50.00
7/17/2026, 11:11:46 PM
2026-08-21NextUpdated
$60.00
8/18/2026, 11:09:50 PM
2026-09-18
$57.50
8/18/2026, 11:09:50 PM
2026-10-16
$47.50
8/18/2026, 11:09:50 PM
2027-01-15
$47.50
8/18/2026, 11:09:50 PM
Selected expiration: 2026-08-21 at max pain $60.00.
DK pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
27.5
0
3386750
3386750
32.5
0
2864750
2864750
35
0
2604000
2604000
40
0
2083000
2083000
42.5
0
1823000
1823000
45
0
1563000
1563000
47.5
0
1303250
1303250
50
44750
1046250
1091000
52.5
101750
793250
895000
55
161250
540250
701500
57.5
246500
289250
535750
60
332250
41750
374000
62.5
524250
21750
546000
65
913500
7000
920500
67.5
1708000
500
1708500
70
2509500
0
2509500
72.5
3982500
0
3982500
75
5459500
0
5459500
80
8488500
0
8488500
85
11647500
0
11647500
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.