This page reflects DORM 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 — DORM
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $120.00 (12.82 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$5.90
±4.4%
Days to Expiry
3
Calendar days
Total Call OI
93
Nearest expiry
Total Put OI
78
Nearest expiry
P/C OI Ratio
0.84
Put-heavy
Spot Price
$132.82
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
$120.00
6/18/2026, 11:11:05 PM
2026-07-17
$125.00
7/17/2026, 11:12:23 PM
2026-08-21NextUpdated
$120.00
8/18/2026, 11:12:28 PM
2026-09-18
$135.00
8/18/2026, 11:12:28 PM
2026-11-20
$145.00
8/18/2026, 11:12:28 PM
2027-02-19
$150.00
8/18/2026, 11:12:28 PM
Selected expiration: 2026-08-21 at max pain $120.00.
DORM pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
300500
300500
75
0
262500
262500
80
0
225000
225000
85
0
188000
188000
90
0
151000
151000
95
0
114000
114000
100
500
93000
93500
105
1000
72000
73000
110
2000
51500
53500
115
8500
35000
43500
120
15000
23000
38000
125
22500
16500
39000
130
32000
11000
43000
135
41500
7000
48500
140
56000
4000
60000
145
74000
2000
76000
150
97000
0
97000
155
126000
0
126000
170
214500
0
214500
180
306500
0
306500
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.