This page reflects DNA 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 — DNA
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $8.00 (1.47 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.00
Nearest expiry
Expected Move
±$0.80
±12.3%
Days to Expiry
3
Calendar days
Total Call OI
4,987
Nearest expiry
Total Put OI
670
Nearest expiry
P/C OI Ratio
0.13
Put-heavy
Spot Price
$6.53
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
$8.00
6/18/2026, 11:11:26 PM
2026-07-17
$8.00
7/17/2026, 11:12:04 PM
2026-08-21NextUpdated
$8.00
8/18/2026, 11:11:23 PM
2026-09-18
$8.00
8/18/2026, 11:11:23 PM
2026-12-18
$8.00
8/18/2026, 11:11:23 PM
2027-01-15
$7.00
8/18/2026, 11:11:23 PM
2027-03-19
$8.00
8/18/2026, 11:11:23 PM
Selected expiration: 2026-08-21 at max pain $8.00.
DNA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
428700
428700
3
200
296500
296700
4
1400
230400
231800
5
2600
164400
167000
6
4200
99200
103400
7
6600
38600
45200
8
11100
12800
23900
9
23200
5400
28600
10
51600
3000
54600
11
122100
1600
123700
12
210400
800
211200
13
402600
300
402900
14
615800
100
615900
15
834300
0
834300
16
1308300
0
1308300
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.