This page reflects IDCC 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 — IDCC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $290.00 (45.77 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$290.00
Nearest expiry
Expected Move
±$12.10
±3.6%
Days to Expiry
3
Calendar days
Total Call OI
633
Nearest expiry
Total Put OI
374
Nearest expiry
P/C OI Ratio
0.59
Put-heavy
Spot Price
$335.77
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
$280.00
6/18/2026, 11:21:34 PM
2026-07-17
$280.00
7/17/2026, 11:20:43 PM
2026-08-21NextUpdated
$290.00
8/18/2026, 11:22:34 PM
2026-09-18
$300.00
8/18/2026, 11:22:34 PM
2026-12-18
$310.00
8/18/2026, 11:22:34 PM
2027-01-15
$280.00
8/18/2026, 11:22:34 PM
2027-03-19
$145.00
8/18/2026, 11:22:34 PM
Selected expiration: 2026-08-21 at max pain $290.00.
IDCC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
180
0
1930500
1930500
185
1000
1744000
1745000
195
5000
1372000
1377000
200
7500
1186000
1193500
210
12500
894000
906500
220
17500
685000
702500
230
22500
483000
505500
240
28500
360000
388500
250
34500
245000
279500
260
41500
198000
239500
270
50500
158000
208500
280
63500
129000
192500
290
87500
103000
190500
300
132500
79000
211500
310
245500
56000
301500
320
375500
34000
409500
330
521500
13000
534500
340
886500
2000
888500
350
1457500
1000
1458500
360
2048500
0
2048500
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.