This page reflects DYN 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 — DYN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $23.00 (3.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$23.00
Nearest expiry
Expected Move
±$1.12
±4.3%
Days to Expiry
3
Calendar days
Total Call OI
266
Nearest expiry
Total Put OI
2,345
Nearest expiry
P/C OI Ratio
8.82
Put-heavy
Spot Price
$26.00
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
$17.50
6/18/2026, 11:12:27 PM
2026-07-17
$2.50
7/17/2026, 11:14:44 PM
2026-08-21NextUpdated
$23.00
8/18/2026, 11:13:43 PM
2026-09-18
$21.00
8/18/2026, 11:13:43 PM
2026-10-16
$22.50
8/18/2026, 11:13:43 PM
2026-12-18
$25.00
8/18/2026, 11:13:43 PM
2027-01-15
$15.00
8/18/2026, 11:13:43 PM
2027-03-19
$28.00
8/18/2026, 11:13:43 PM
Selected expiration: 2026-08-21 at max pain $23.00.
DYN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
2398600
2398600
11
0
2164100
2164100
15
0
1226100
1226100
17
1000
757100
758100
18
1900
522600
524500
19
3600
288100
291700
20
5300
54700
60000
21
8200
25000
33200
22
12200
13800
26000
23
16400
7100
23500
24
27300
3700
31000
25
40800
400
41200
26
59900
200
60100
27
83400
0
83400
28
107100
0
107100
29
131400
0
131400
30
155800
0
155800
31
182300
0
182300
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.