This page reflects FLS 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 — FLS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (8.79 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$2.95
±3.7%
Days to Expiry
3
Calendar days
Total Call OI
1,203
Nearest expiry
Total Put OI
617
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$78.79
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
$65.00
6/18/2026, 11:14:16 PM
2026-07-17
$70.00
7/17/2026, 11:16:46 PM
2026-08-21NextUpdated
$70.00
8/18/2026, 11:16:35 PM
2026-09-18
$75.00
8/18/2026, 11:16:35 PM
2026-10-16
$75.00
8/18/2026, 11:16:35 PM
2027-01-15
$60.00
8/18/2026, 11:16:35 PM
Selected expiration: 2026-08-21 at max pain $70.00.
FLS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
1318500
1318500
45
0
1022000
1022000
50
500
804500
805000
55
1500
590500
592000
60
3000
395500
398500
65
4500
207500
212000
70
6500
32000
38500
75
53500
9500
63000
80
481500
4000
485500
85
982500
0
982500
90
1505000
0
1505000
95
2080500
0
2080500
100
2659000
0
2659000
105
3238000
0
3238000
115
4436000
0
4436000
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.