Nearest listed expiration 2026-08-21 shows max pain at $1005.00 (16.65 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$1005.00
Nearest expiry
Expected Move
±$20.80
±2.0%
Days to Expiry
2
Calendar days
Total Call OI
39,178
Nearest expiry
Total Put OI
43,112
Nearest expiry
P/C OI Ratio
1.10
Put-heavy
Spot Price
$1021.65
Published close
Consensus
4.0/10
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
2026-08-07
$1035.00
8/7/2026, 11:19:46 PM
2026-08-14
$1040.00
8/14/2026, 11:17:58 PM
2026-08-21NextUpdated
$1005.00
8/19/2026, 11:17:40 PM
2026-08-28
$1050.00
8/19/2026, 11:17:40 PM
2026-09-04
$1040.00
8/19/2026, 11:17:40 PM
2026-09-11
$1040.00
8/19/2026, 11:17:40 PM
2026-09-18
$980.00
8/19/2026, 11:17:40 PM
2026-09-25
$1040.00
8/19/2026, 11:17:40 PM
2026-10-02
$1055.00
8/19/2026, 11:17:40 PM
2026-10-16
$1000.00
8/19/2026, 11:17:40 PM
2026-11-20
$1000.00
8/19/2026, 11:17:40 PM
2026-12-18
$840.00
8/19/2026, 11:17:40 PM
2027-01-15
$870.00
8/19/2026, 11:17:40 PM
2027-03-19
$1010.00
8/19/2026, 11:17:40 PM
2027-06-17
$900.00
8/19/2026, 11:17:40 PM
Selected expiration: 2026-08-21 at max pain $1005.00.
GS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
370
0
2119788250
2119788250
380
0
2076837250
2076837250
390
1000
2034002250
2034003250
400
2000
1991211250
1991213250
410
4000
1948575250
1948579250
420
6000
1905963250
1905969250
430
13000
1863427250
1863440250
440
21000
1820946250
1820967250
450
30000
1778498250
1778528250
460
40000
1736074250
1736114250
470
52000
1693650250
1693702250
480
66000
1651265250
1651331250
490
80000
1609132250
1609212250
500
98000
1567051250
1567149250
510
128000
1525052250
1525180250
520
160000
1483106250
1483266250
530
196000
1441361250
1441557250
540
237000
1399649250
1399886250
550
278000
1358497250
1358775250
560
327000
1317433250
1317760250
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.