This page reflects FAST 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 — FAST
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $45.00 (6.27 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$1.73
±3.4%
Days to Expiry
3
Calendar days
Total Call OI
12,841
Nearest expiry
Total Put OI
8,523
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$51.27
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
$43.75
6/18/2026, 11:10:39 PM
2026-07-17
$45.00
7/17/2026, 11:14:29 PM
2026-08-21NextUpdated
$45.00
8/18/2026, 11:13:40 PM
2026-09-18
$47.50
8/18/2026, 11:13:40 PM
2026-11-20
$50.00
8/18/2026, 11:13:40 PM
2026-12-18
$45.00
8/18/2026, 11:13:40 PM
2027-01-15
$45.00
8/18/2026, 11:13:40 PM
2027-02-19
$50.00
8/18/2026, 11:13:40 PM
2027-03-19
$50.00
8/18/2026, 11:13:40 PM
2027-06-17
$52.50
8/18/2026, 11:13:40 PM
Selected expiration: 2026-08-21 at max pain $45.00.
FAST pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
14446750
14446750
27.5
0
12317000
12317000
30
0
10187750
10187750
32.5
250
8059750
8060000
35
500
5933750
5934250
37.5
750
4297250
4298000
40
1000
2682250
2683250
42.5
1250
1124750
1126000
45
46250
615750
662000
47.5
840500
301000
1141500
50
2071750
50500
2122250
52.5
4668000
750
4668750
55
7566750
250
7567000
57.5
10620750
0
10620750
60
13683000
0
13683000
65
19827500
0
19827500
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.