This page reflects DLTR 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 — DLTR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $125.00 (5.48 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$125.00
Nearest expiry
Expected Move
±$3.98
±3.0%
Days to Expiry
3
Calendar days
Total Call OI
8,886
Nearest expiry
Total Put OI
8,533
Nearest expiry
P/C OI Ratio
0.96
Put-heavy
Spot Price
$130.48
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
$127.00
8/7/2026, 11:10:42 PM
2026-08-14
$124.00
8/14/2026, 11:11:49 PM
2026-08-21NextUpdated
$125.00
8/18/2026, 11:11:15 PM
2026-08-28
$130.00
8/18/2026, 11:11:15 PM
2026-09-04
$126.00
8/18/2026, 11:11:15 PM
2026-09-11
$128.00
8/18/2026, 11:11:15 PM
2026-09-18
$120.00
8/18/2026, 11:11:15 PM
2026-09-25
$131.00
8/18/2026, 11:11:15 PM
2026-11-20
$120.00
8/18/2026, 11:11:15 PM
2026-12-18
$105.00
8/18/2026, 11:11:15 PM
2027-01-15
$100.00
8/18/2026, 11:11:15 PM
2027-02-19
$100.00
8/18/2026, 11:11:15 PM
2027-03-19
$110.00
8/18/2026, 11:11:15 PM
2027-06-17
$130.00
8/18/2026, 11:11:15 PM
Selected expiration: 2026-08-21 at max pain $125.00.
DLTR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
52908000
52908000
60
3500
48534000
48537500
65
7000
44191000
44198000
70
97500
39987500
40085000
75
188000
35889500
36077500
80
280500
31894000
32174500
85
373500
28035500
28409000
90
470000
24250500
24720500
95
592500
20577500
21170000
100
1196000
17067500
18263500
105
1839000
13679000
15518000
107
2117000
12392200
14509200
108
2256000
11749100
14005100
109
2395000
11106300
13501300
110
2534000
10465100
12999100
111
2714400
9868800
12583200
112
2894800
9273200
12168000
113
3075200
8679700
11754900
114
3255700
8088300
11344000
115
3436500
7497100
10933600
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.