This page reflects DPRO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 20, 2026 close
Max Pain — DPRO
Data as of market close Aug 20, 2026
Nearest listed expiration 2026-08-21 shows max pain at $4.00 (0.28 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$4.00
Nearest expiry
Expected Move
±$0.40
±9.3%
Days to Expiry
1
Calendar days
Total Call OI
5,662
Nearest expiry
Total Put OI
844
Nearest expiry
P/C OI Ratio
0.15
Put-heavy
Spot Price
$4.28
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
$6.00
6/18/2026, 11:13:57 PM
2026-07-17
$5.00
7/17/2026, 11:12:39 PM
2026-08-21NextUpdated
$4.00
8/20/2026, 11:12:33 PM
2026-09-18
$4.00
8/20/2026, 11:12:33 PM
2026-10-16
$5.00
8/20/2026, 11:12:33 PM
2027-01-15
$5.00
8/20/2026, 11:12:33 PM
Selected expiration: 2026-08-21 at max pain $4.00.
DPRO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
256400
256400
2
500
172000
172500
3
28300
87600
115900
4
57000
27000
84000
5
103500
5200
108700
6
328900
1200
330100
7
663300
600
663900
8
1197000
0
1197000
9
1742600
0
1742600
10
2292100
0
2292100
11
2857200
0
2857200
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.