Nearest listed expiration 2026-08-21 shows max pain at $1005.00 (35.47 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
±$24.33
±2.3%
Days to Expiry
3
Calendar days
Total Call OI
39,504
Nearest expiry
Total Put OI
37,852
Nearest expiry
P/C OI Ratio
0.96
Put-heavy
Spot Price
$1040.47
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
8/18/2026, 11:20:13 PM
2026-08-28
$1050.00
8/18/2026, 11:20:13 PM
2026-09-04
$1040.00
8/18/2026, 11:20:13 PM
2026-09-11
$1040.00
8/18/2026, 11:20:13 PM
2026-09-18
$975.00
8/18/2026, 11:20:13 PM
2026-09-25
$1045.00
8/18/2026, 11:20:13 PM
2026-10-02
$1055.00
8/18/2026, 11:20:13 PM
2026-10-16
$1000.00
8/18/2026, 11:20:13 PM
2026-11-20
$1000.00
8/18/2026, 11:20:13 PM
2026-12-18
$840.00
8/18/2026, 11:20:13 PM
2027-01-15
$870.00
8/18/2026, 11:20:13 PM
2027-03-19
$1010.00
8/18/2026, 11:20:13 PM
2027-06-17
$900.00
8/18/2026, 11:20:13 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
1863384750
1863384750
380
0
1825693750
1825693750
390
1000
1788118750
1788119750
400
2000
1750587750
1750589750
410
4000
1713211750
1713215750
420
6000
1675859750
1675865750
430
13000
1638583750
1638596750
440
21000
1601362750
1601383750
450
30000
1564174750
1564204750
460
40000
1527010750
1527050750
470
52000
1489846750
1489898750
480
66000
1452721750
1452787750
490
80000
1415848750
1415928750
500
98000
1379027750
1379125750
510
128000
1342288750
1342416750
520
160000
1305549750
1305709750
530
196000
1269011750
1269207750
540
237000
1232506750
1232743750
550
278000
1196561750
1196839750
560
327000
1160704750
1161031750
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.