This page reflects DQ 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 — DQ
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $16.00 (2.11 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.00
Nearest expiry
Expected Move
±$1.57
±11.3%
Days to Expiry
3
Calendar days
Total Call OI
1,217
Nearest expiry
Total Put OI
12,409
Nearest expiry
P/C OI Ratio
10.20
Put-heavy
Spot Price
$13.89
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
$15.00
6/18/2026, 11:11:27 PM
2026-07-17
$13.00
7/17/2026, 11:13:08 PM
2026-08-21NextUpdated
$16.00
8/18/2026, 11:11:26 PM
2026-09-18
$14.00
8/18/2026, 11:11:26 PM
2026-10-16
$17.00
8/18/2026, 11:11:26 PM
2027-01-15
$16.00
8/18/2026, 11:11:26 PM
Selected expiration: 2026-08-21 at max pain $16.00.
DQ pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
10422100
10422100
3
100
9181200
9181300
4
200
7940400
7940600
5
300
6699700
6700000
6
400
5459100
5459500
7
500
4218700
4219200
8
600
2978500
2979100
9
2900
1738600
1741500
10
6300
499100
505400
11
9800
361900
371700
12
13300
242300
255600
13
17100
166800
183900
14
25900
96500
122400
15
40600
61100
101700
16
67500
30500
98000
17
110800
100
110900
18
214200
0
214200
19
318800
0
318800
20
429900
0
429900
21
547800
0
547800
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.