This page reflects FROG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — FROG
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $80.00 (11.21 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$4.28
±4.7%
Days to Expiry
2
Calendar days
Total Call OI
14,088
Nearest expiry
Total Put OI
6,756
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$91.21
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
$62.50
6/18/2026, 11:17:36 PM
2026-07-17
$80.00
7/17/2026, 11:17:20 PM
2026-08-21NextUpdated
$80.00
8/19/2026, 11:15:21 PM
2026-09-18
$75.00
8/19/2026, 11:15:21 PM
2026-12-18
$87.50
8/19/2026, 11:15:21 PM
2027-01-15
$50.00
8/19/2026, 11:15:21 PM
2027-03-19
$60.00
8/19/2026, 11:15:21 PM
Selected expiration: 2026-08-21 at max pain $80.00.
FROG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
42.5
0
21637750
21637750
45
0
19948750
19948750
47.5
0
18265000
18265000
50
0
16598000
16598000
55
5000
13305000
13310000
60
10000
10424000
10434000
65
17000
7573000
7590000
67.5
22500
6213250
6235750
70
28250
4863750
4892000
72.5
36500
3587500
3624000
75
48500
2350000
2398500
77.5
75500
1424500
1500000
80
115000
779500
894500
82.5
2158250
467250
2625500
85
4308250
297500
4605750
87.5
6511750
185000
6696750
90
8778250
97250
8875500
92.5
11372250
28750
11401000
95
13993500
11500
14005000
97.5
16735250
5750
16741000
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.