This page reflects DY 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 — DY
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $410.00 (4.70 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$410.00
Nearest expiry
Expected Move
±$16.95
±4.1%
Days to Expiry
3
Calendar days
Total Call OI
2,318
Nearest expiry
Total Put OI
892
Nearest expiry
P/C OI Ratio
0.38
Put-heavy
Spot Price
$414.70
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
$430.00
6/18/2026, 11:11:55 PM
2026-07-17
$450.00
7/17/2026, 11:13:06 PM
2026-08-21NextUpdated
$410.00
8/18/2026, 11:11:49 PM
2026-09-18
$420.00
8/18/2026, 11:11:49 PM
2026-12-18
$510.00
8/18/2026, 11:11:49 PM
2027-03-19
$370.00
8/18/2026, 11:11:49 PM
Selected expiration: 2026-08-21 at max pain $410.00.
DY pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
300
0
10166000
10166000
310
0
9277000
9277000
320
1000
8394000
8395000
330
2000
7515000
7517000
340
4000
6660000
6664000
350
7000
5809000
5816000
360
12000
4973000
4985000
370
21000
4248000
4269000
380
34000
3560000
3594000
390
87000
2905000
2992000
400
144000
2268000
2412000
410
223000
1668000
1891000
420
1244000
1110000
2354000
430
2424000
625000
3049000
440
3616000
407000
4023000
450
4839000
210000
5049000
460
6246000
81000
6327000
470
7895000
65000
7960000
480
9574000
49000
9623000
490
11266000
33000
11299000
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.