This page reflects FIVE 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 — FIVE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $210.00 (28.51 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$210.00
Nearest expiry
Expected Move
±$7.35
±3.1%
Days to Expiry
3
Calendar days
Total Call OI
3,311
Nearest expiry
Total Put OI
2,425
Nearest expiry
P/C OI Ratio
0.73
Put-heavy
Spot Price
$238.51
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
$200.00
6/18/2026, 11:13:43 PM
2026-07-17
$190.00
7/17/2026, 11:15:00 PM
2026-08-21NextUpdated
$210.00
8/18/2026, 11:16:32 PM
2026-09-18
$200.00
8/18/2026, 11:16:32 PM
2026-11-20
$220.00
8/18/2026, 11:16:32 PM
2027-01-15
$165.00
8/18/2026, 11:16:32 PM
2027-02-19
$220.00
8/18/2026, 11:16:32 PM
Selected expiration: 2026-08-21 at max pain $210.00.
FIVE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
23517000
23517000
100
0
22307000
22307000
105
2000
21100000
21102000
110
4500
19893000
19897500
115
7500
18688000
18695500
120
11000
17485500
17496500
125
15500
16283000
16298500
130
20500
15085000
15105500
135
26000
13898000
13924000
140
33000
12718500
12751500
145
40500
11541500
11582000
150
48000
10388000
10436000
155
60500
9255000
9315500
160
73000
8161000
8234000
165
91000
7141000
7232000
170
116500
6136500
6253000
175
151500
5198000
5349500
180
197500
4321500
4519000
185
284500
3574000
3858500
190
523500
2884000
3407500
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.