This page reflects DT 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 — DT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $42.50 (6.76 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.50
Nearest expiry
Expected Move
±$1.90
±3.9%
Days to Expiry
3
Calendar days
Total Call OI
18,139
Nearest expiry
Total Put OI
9,375
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$49.26
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
$40.00
6/18/2026, 11:11:58 PM
2026-07-17
$42.50
7/17/2026, 11:14:04 PM
2026-08-21NextUpdated
$42.50
8/18/2026, 11:10:54 PM
2026-09-18
$47.50
8/18/2026, 11:10:54 PM
2026-11-20
$35.00
8/18/2026, 11:10:54 PM
2027-01-15
$35.00
8/18/2026, 11:10:54 PM
2027-02-19
$47.50
8/18/2026, 11:10:54 PM
Selected expiration: 2026-08-21 at max pain $42.50.
DT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
22267250
22267250
20
2750
19925250
19928000
22.5
6000
17584500
17590500
25
9250
15243750
15253000
27.5
12500
12916500
12929000
30
16000
10653250
10669250
32.5
19500
8407250
8426750
35
59500
6332250
6391750
37.5
108250
4333000
4441250
40
194000
2520250
2714250
42.5
487250
931500
1418750
45
1244250
339250
1583500
47.5
2798750
115750
2914500
50
5055500
750
5056250
52.5
8272500
0
8272500
55
11789000
0
11789000
60
20696500
0
20696500
65
29749000
0
29749000
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.