This page reflects FN 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 — FN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $560.00 (77.41 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$560.00
Nearest expiry
Expected Move
±$28.80
±6.0%
Days to Expiry
3
Calendar days
Total Call OI
4,757
Nearest expiry
Total Put OI
5,274
Nearest expiry
P/C OI Ratio
1.11
Put-heavy
Spot Price
$482.59
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
$630.00
6/18/2026, 11:14:19 PM
2026-07-17
$510.00
7/17/2026, 11:16:19 PM
2026-08-21NextUpdated
$560.00
8/18/2026, 11:14:18 PM
2026-09-18
$530.00
8/18/2026, 11:14:18 PM
2026-10-16
$600.00
8/18/2026, 11:14:18 PM
2026-11-20
$540.00
8/18/2026, 11:14:18 PM
2026-12-18
$720.00
8/18/2026, 11:14:18 PM
2027-01-15
$450.00
8/18/2026, 11:14:18 PM
2027-04-16
$500.00
8/18/2026, 11:14:18 PM
2027-07-16
$300.00
8/18/2026, 11:14:18 PM
Selected expiration: 2026-08-21 at max pain $560.00.
FN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
250
0
115452000
115452000
270
0
104964000
104964000
280
6000
99737000
99743000
290
12000
94535000
94547000
300
18000
89361000
89379000
310
24000
84247000
84271000
320
30000
79171000
79201000
330
39000
74224000
74263000
340
48000
69332000
69380000
350
59000
64522000
64581000
360
70000
59853000
59923000
370
83000
55243000
55326000
380
96000
50665000
50761000
390
109000
46177000
46286000
400
122000
41745000
41867000
410
140000
37594000
37734000
420
161000
33536000
33697000
430
198000
29647000
29845000
440
237000
25883000
26120000
450
279000
22295000
22574000
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.