This page reflects INFQ 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 — INFQ
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $10.00 (2.91 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$10.00
Nearest expiry
Expected Move
±$1.08
±8.3%
Days to Expiry
3
Calendar days
Total Call OI
47,713
Nearest expiry
Total Put OI
10,548
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$12.91
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
$15.00
6/18/2026, 11:16:50 PM
2026-07-17
$12.50
7/17/2026, 11:16:40 PM
2026-08-21NextUpdated
$10.00
8/18/2026, 11:18:52 PM
2026-09-18
$12.50
8/18/2026, 11:18:52 PM
2026-10-16
$10.00
8/18/2026, 11:18:52 PM
2027-01-15
$12.50
8/18/2026, 11:18:52 PM
2027-03-19
$10.00
8/18/2026, 11:18:52 PM
2027-06-17
$10.00
8/18/2026, 11:18:52 PM
Selected expiration: 2026-08-21 at max pain $10.00.
INFQ pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
8403500
8403500
5
500
5767250
5767750
6
1200
4761050
4762250
7.5
3000
3256550
3259550
9
102000
1994300
2096300
10
262900
1247100
1510000
11
880000
812300
1692300
12.5
2247550
316400
2563950
14
4729450
149150
4878600
15
6802350
65850
6868200
16
10047350
40750
10088100
17.5
15087350
4000
15091350
20
25015850
0
25015850
22.5
36147600
0
36147600
25
47356850
0
47356850
30
71153850
0
71153850
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.