This page reflects DPZ 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 — DPZ
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $310.00 (26.25 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$310.00
Nearest expiry
Expected Move
±$9.12
±2.7%
Days to Expiry
3
Calendar days
Total Call OI
6,112
Nearest expiry
Total Put OI
5,582
Nearest expiry
P/C OI Ratio
0.91
Put-heavy
Spot Price
$336.25
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
$340.00
6/18/2026, 11:12:00 PM
2026-07-17
$320.00
7/17/2026, 11:13:10 PM
2026-08-21NextUpdated
$310.00
8/18/2026, 11:11:30 PM
2026-09-18
$330.00
8/18/2026, 11:11:30 PM
2026-12-18
$340.00
8/18/2026, 11:11:30 PM
2027-01-15
$370.00
8/18/2026, 11:11:30 PM
2027-03-19
$340.00
8/18/2026, 11:11:30 PM
2027-06-17
$330.00
8/18/2026, 11:11:30 PM
Selected expiration: 2026-08-21 at max pain $310.00.
DPZ pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
190
0
52661000
52661000
195
0
49885500
49885500
200
0
47126000
47126000
210
0
41640000
41640000
220
0
36155000
36155000
230
0
30685000
30685000
240
0
25373000
25373000
250
0
20227000
20227000
260
0
16799000
16799000
270
15000
13448000
13463000
280
95000
10239000
10334000
290
183000
7412000
7595000
300
405000
4869000
5274000
310
725000
2681000
3406000
320
1940000
1471000
3411000
330
3318000
685000
4003000
340
5459000
369000
5828000
350
8172000
161000
8333000
360
11342000
3000
11345000
370
15647000
0
15647000
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.