This page reflects FIX 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 — FIX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $1720.00 (19.08 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$1720.00
Nearest expiry
Expected Move
±$85.00
±4.9%
Days to Expiry
3
Calendar days
Total Call OI
2,095
Nearest expiry
Total Put OI
2,536
Nearest expiry
P/C OI Ratio
1.21
Put-heavy
Spot Price
$1739.08
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
$1880.00
6/18/2026, 11:13:52 PM
2026-07-17
$1760.00
7/17/2026, 11:16:14 PM
2026-08-21NextUpdated
$1720.00
8/18/2026, 11:14:04 PM
2026-09-18
$1800.00
8/18/2026, 11:14:04 PM
2026-10-16
$1720.00
8/18/2026, 11:14:04 PM
2026-12-18
$1520.00
8/18/2026, 11:14:04 PM
2027-01-15
$1700.00
8/18/2026, 11:14:04 PM
Selected expiration: 2026-08-21 at max pain $1720.00.
FIX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
970
0
126208000
126208000
980
1000
123677000
123678000
990
2000
121154000
121156000
1000
4000
118632000
118636000
1020
14000
113614000
113628000
1040
24000
108600000
108624000
1060
36000
103608000
103644000
1080
48000
98636000
98684000
1100
70000
93694000
93764000
1120
106000
88822000
88928000
1140
146000
83984000
84130000
1160
186000
79182000
79368000
1180
226000
74466000
74692000
1200
268000
70020000
70288000
1220
352000
65698000
66050000
1240
476000
61406000
61882000
1260
602000
57168000
57770000
1280
730000
53388000
54118000
1300
862000
49746000
50608000
1320
996000
46340000
47336000
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.