Nearest listed expiration 2026-08-21 shows max pain at $105.00 (2.27 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$105.00
Nearest expiry
Expected Move
±$3.40
±3.2%
Days to Expiry
3
Calendar days
Total Call OI
90,966
Nearest expiry
Total Put OI
125,538
Nearest expiry
P/C OI Ratio
1.38
Put-heavy
Spot Price
$107.27
Published close
Consensus
6.0/10
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
2026-08-07
$105.00
8/7/2026, 11:11:26 PM
2026-08-14
$106.00
8/14/2026, 11:11:54 PM
2026-08-21NextUpdated
$105.00
8/18/2026, 11:12:43 PM
2026-08-28
$105.50
8/18/2026, 11:12:43 PM
2026-08-31
$104.00
8/18/2026, 11:12:43 PM
2026-09-04
$107.00
8/18/2026, 11:12:43 PM
2026-09-11
$106.00
8/18/2026, 11:12:43 PM
2026-09-18
$102.00
8/18/2026, 11:12:43 PM
2026-09-25
$109.00
8/18/2026, 11:12:43 PM
2026-09-30
$102.00
8/18/2026, 11:12:43 PM
2026-10-16
$108.00
8/18/2026, 11:12:43 PM
2026-10-30
$105.00
8/18/2026, 11:12:43 PM
2026-11-20
$110.00
8/18/2026, 11:12:43 PM
2026-12-18
$99.00
8/18/2026, 11:12:43 PM
2026-12-31
$107.00
8/18/2026, 11:12:43 PM
2027-01-15
$95.00
8/18/2026, 11:12:43 PM
2027-03-19
$110.00
8/18/2026, 11:12:43 PM
2027-03-31
$91.00
8/18/2026, 11:12:43 PM
2027-06-17
$106.00
8/18/2026, 11:12:43 PM
2027-06-30
$110.00
8/18/2026, 11:12:43 PM
Selected expiration: 2026-08-21 at max pain $105.00.
EFA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
420335350
420335350
70
0
357566850
357566850
80
0
232030850
232030850
85
0
169273350
169273350
86
0
156889950
156889950
87
0
144542750
144542750
88
0
132195950
132195950
89
0
119849550
119849550
90
0
107503150
107503150
91
0
95336050
95336050
92
700
83238750
83239450
93
2600
71255450
71258050
94
5100
61424050
61429150
95
10100
51654350
51664450
96
15400
42645250
42660650
97
22000
35166950
35188950
97.5
27100
31915150
31942250
98
32200
28665550
28697750
98.5
41900
25596250
25638150
99
51600
22529500
22581100
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.