This page reflects IMNM 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 — IMNM
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $24.00 (3.56 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$24.00
Nearest expiry
Expected Move
±$0.35
±1.3%
Days to Expiry
3
Calendar days
Total Call OI
540
Nearest expiry
Total Put OI
1,682
Nearest expiry
P/C OI Ratio
3.11
Put-heavy
Spot Price
$27.56
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
$20.00
6/18/2026, 11:18:27 PM
2026-07-17
$16.00
7/17/2026, 11:22:11 PM
2026-08-21NextUpdated
$24.00
8/18/2026, 11:17:21 PM
2026-09-18
$26.00
8/18/2026, 11:17:21 PM
2026-10-16
$21.00
8/18/2026, 11:17:21 PM
2026-12-18
$5.00
8/18/2026, 11:17:21 PM
2027-01-15
$16.00
8/18/2026, 11:17:21 PM
Selected expiration: 2026-08-21 at max pain $24.00.
IMNM pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
1886900
1886900
14
400
1215300
1215700
15
500
1047500
1048000
17
700
713700
714400
18
800
550600
551400
19
1300
394900
396200
20
1900
240500
242400
21
3100
139700
142800
22
6700
77100
83800
23
10400
27500
37900
24
22300
500
22800
25
35100
100
35200
26
66500
0
66500
27
104600
0
104600
28
153000
0
153000
30
255200
0
255200
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.