This page reflects DRI 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 — DRI
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $210.00 (11.89 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$210.00
Nearest expiry
Expected Move
±$4.95
±2.2%
Days to Expiry
2
Calendar days
Total Call OI
2,303
Nearest expiry
Total Put OI
3,739
Nearest expiry
P/C OI Ratio
1.62
Put-heavy
Spot Price
$221.89
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
$200.00
6/18/2026, 11:13:48 PM
2026-07-17
$210.00
7/17/2026, 11:12:27 PM
2026-08-21NextUpdated
$210.00
8/19/2026, 11:11:44 PM
2026-09-18
$200.00
8/19/2026, 11:11:44 PM
2026-10-16
$200.00
8/19/2026, 11:11:44 PM
2026-12-18
$220.00
8/19/2026, 11:11:44 PM
2027-01-15
$200.00
8/19/2026, 11:11:44 PM
2027-03-19
$220.00
8/19/2026, 11:11:44 PM
2027-06-17
$180.00
8/19/2026, 11:11:44 PM
Selected expiration: 2026-08-21 at max pain $210.00.
DRI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
135
0
18011500
18011500
140
0
16144500
16144500
145
1500
14277500
14279000
150
4500
12410500
12415000
155
7500
10550500
10558000
160
10500
8701000
8711500
165
14000
6870000
6884000
170
17500
5302500
5320000
175
21500
3996500
4018000
180
32000
2813500
2845500
185
43000
1645000
1688000
190
55500
1128000
1183500
195
71000
661000
732000
200
88500
392000
480500
210
283500
54000
337500
220
858500
7000
865500
230
2157500
0
2157500
240
4201500
0
4201500
250
6480500
0
6480500
260
8777500
0
8777500
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.