This page reflects DLO 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 — DLO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $14.00 (0.36 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$14.00
Nearest expiry
Expected Move
±$0.55
±4.0%
Days to Expiry
3
Calendar days
Total Call OI
49,474
Nearest expiry
Total Put OI
21,580
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$13.64
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
$12.00
6/18/2026, 11:10:25 PM
2026-07-17
$11.47
7/17/2026, 11:11:38 PM
2026-08-21NextUpdated
$14.00
8/18/2026, 11:10:19 PM
2026-09-18
$14.00
8/18/2026, 11:10:19 PM
2026-10-16
$13.00
8/18/2026, 11:10:19 PM
2026-11-20
$13.00
8/18/2026, 11:10:19 PM
2026-12-18
$13.00
8/18/2026, 11:10:19 PM
2027-01-15
$6.47
8/18/2026, 11:10:19 PM
2027-02-19
$12.00
8/18/2026, 11:10:19 PM
Selected expiration: 2026-08-21 at max pain $14.00.
DLO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
22042700
22042700
3
1500
19884800
19886300
4
3400
17728100
17731500
5
5300
15573000
15578300
6
7200
13422100
13429300
7
9100
11272100
11281200
8
11000
9122900
9133900
9
14500
6975900
6990400
10
18000
4834200
4852200
11
40800
2903600
2944400
12
123700
1399000
1522700
13
266900
610000
876900
14
565300
130100
695400
15
1838900
9400
1848300
16
3905100
1000
3906100
17
7448400
700
7449100
18
11572200
500
11572700
19
15775800
300
15776100
20
19997300
100
19997400
21
24921100
0
24921100
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.