This page reflects DKNG 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 — DKNG
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $25.00 (0.96 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$0.92
±3.8%
Days to Expiry
3
Calendar days
Total Call OI
115,686
Nearest expiry
Total Put OI
36,946
Nearest expiry
P/C OI Ratio
0.32
Put-heavy
Spot Price
$24.04
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
$22.00
8/7/2026, 11:10:12 PM
2026-08-14
$23.00
8/14/2026, 11:10:38 PM
2026-08-21NextUpdated
$25.00
8/18/2026, 11:10:57 PM
2026-08-28
$22.00
8/18/2026, 11:10:57 PM
2026-09-04
$22.00
8/18/2026, 11:10:57 PM
2026-09-11
$24.00
8/18/2026, 11:10:57 PM
2026-09-18
$25.00
8/18/2026, 11:10:57 PM
2026-09-25
$24.00
8/18/2026, 11:10:57 PM
2026-10-02
$24.00
8/18/2026, 11:10:57 PM
2026-11-20
$25.00
8/18/2026, 11:10:57 PM
2026-12-18
$30.00
8/18/2026, 11:10:57 PM
2027-01-15
$28.00
8/18/2026, 11:10:57 PM
2027-02-19
$22.50
8/18/2026, 11:10:57 PM
2027-03-19
$22.50
8/18/2026, 11:10:57 PM
2027-06-17
$25.00
8/18/2026, 11:10:57 PM
Selected expiration: 2026-08-21 at max pain $25.00.
DKNG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
12
0
34974400
34974400
12.5
250
33127150
33127400
14
4900
27631300
27636200
15
8700
23967400
23976100
16
16900
20359800
20376700
17
25500
16752300
16777800
17.5
29800
14949600
14979400
18
44000
13337850
13381850
18.5
58450
11727150
11785600
19
73150
10116450
10189600
19.5
87950
8557200
8645150
20
104250
7029550
7133800
20.5
133000
6140850
6273850
21
165800
5257750
5423550
21.5
200850
4395200
4596050
22
242400
3554100
3796500
22.5
325650
2764300
3089950
23
428850
2221450
2650300
23.5
564500
1708700
2273200
24
734350
1224650
1959000
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.