This page reflects IOT 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 — IOT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $34.00 (5.58 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$34.00
Nearest expiry
Expected Move
±$1.70
±4.3%
Days to Expiry
3
Calendar days
Total Call OI
22,608
Nearest expiry
Total Put OI
15,569
Nearest expiry
P/C OI Ratio
0.69
Put-heavy
Spot Price
$39.58
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
2026-08-07
$35.00
8/7/2026, 11:18:57 PM
2026-08-14
$37.50
8/14/2026, 11:18:10 PM
2026-08-21NextUpdated
$34.00
8/18/2026, 11:18:11 PM
2026-08-28
$38.00
8/18/2026, 11:18:11 PM
2026-09-04
$35.00
8/18/2026, 11:18:11 PM
2026-09-11
$38.00
8/18/2026, 11:18:11 PM
2026-09-18
$36.00
8/18/2026, 11:18:11 PM
2026-09-25
$36.00
8/18/2026, 11:18:11 PM
2026-10-02
$33.00
8/18/2026, 11:18:11 PM
2026-10-16
$36.00
8/18/2026, 11:18:11 PM
2026-11-20
$38.00
8/18/2026, 11:18:11 PM
2026-12-18
$35.00
8/18/2026, 11:18:11 PM
2027-01-15
$33.00
8/18/2026, 11:18:11 PM
Selected expiration: 2026-08-21 at max pain $34.00.
IOT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
20384550
20384550
16
0
18834650
18834650
17
400
17284750
17285150
18
1200
15738350
15739550
19
2400
14191950
14194350
20
3800
12645550
12649350
21
6800
11103350
11110150
22
10000
9561450
9571450
23
13800
8235550
8249350
24
17600
7121950
7139550
25
22000
6012650
6034650
26
26700
4921550
4948250
27
31700
3960650
3992350
28
36800
3135750
3172550
29
42700
2334950
2377650
30
55900
1708650
1764550
31
89200
1431650
1520850
32
153200
1187150
1340350
32.5
195050
1075250
1270300
33
241300
964300
1205600
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.