This page reflects IDA 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 — IDA
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $140.00 (2.03 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$4.18
±2.9%
Days to Expiry
3
Calendar days
Total Call OI
78
Nearest expiry
Total Put OI
218
Nearest expiry
P/C OI Ratio
2.79
Put-heavy
Spot Price
$142.03
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
$140.00
6/18/2026, 11:14:44 PM
2026-07-17
$135.00
7/17/2026, 11:18:12 PM
2026-08-21NextUpdated
$140.00
8/18/2026, 11:22:30 PM
2026-09-18
$125.00
8/18/2026, 11:22:30 PM
2026-11-20
$125.00
8/18/2026, 11:22:30 PM
2027-02-19
$125.00
8/18/2026, 11:22:30 PM
Selected expiration: 2026-08-21 at max pain $140.00.
IDA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
683000
683000
90
0
574000
574000
100
0
356000
356000
105
0
247000
247000
110
0
138000
138000
115
500
29000
29500
120
1000
21500
22500
125
1500
14000
15500
130
2000
7500
9500
135
2500
3500
6000
140
3000
0
3000
145
4000
0
4000
150
17500
0
17500
155
37000
0
37000
160
57500
0
57500
165
78000
0
78000
180
186000
0
186000
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.