This page reflects DRD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — DRD
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $22.50 (5.33 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.50
Nearest expiry
Expected Move
±$1.30
±4.7%
Days to Expiry
2
Calendar days
Total Call OI
940
Nearest expiry
Total Put OI
127
Nearest expiry
P/C OI Ratio
0.14
Put-heavy
Spot Price
$27.83
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
$27.50
6/18/2026, 11:11:45 PM
2026-07-17
$22.50
7/17/2026, 11:12:46 PM
2026-08-21NextUpdated
$22.50
8/19/2026, 11:08:48 PM
2026-09-18
$25.00
8/19/2026, 11:08:48 PM
2026-11-20
$22.50
8/19/2026, 11:08:48 PM
2027-02-19
$20.00
8/19/2026, 11:08:48 PM
Selected expiration: 2026-08-21 at max pain $22.50.
DRD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
98000
98000
17.5
3750
66250
70000
20
7500
44750
52250
22.5
14750
28250
43000
25
32000
19500
51500
27.5
76250
13250
89500
30
122000
9500
131500
32.5
175500
6250
181750
35
256500
3000
259500
37.5
360250
1500
361750
40
500500
0
500500
42.5
640750
0
640750
45
814250
0
814250
47.5
1019250
0
1019250
50
1248000
0
1248000
55
1716500
0
1716500
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.