This page reflects IT 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 — IT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $155.00 (27.07 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$155.00
Nearest expiry
Expected Move
±$8.53
±4.7%
Days to Expiry
3
Calendar days
Total Call OI
3,827
Nearest expiry
Total Put OI
2,136
Nearest expiry
P/C OI Ratio
0.56
Put-heavy
Spot Price
$182.07
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, 11:18:59 PM
2026-07-17
$130.00
7/17/2026, 11:18:58 PM
2026-08-21NextUpdated
$155.00
8/18/2026, 11:23:24 PM
2026-09-18
$165.00
8/18/2026, 11:23:24 PM
2026-12-18
$170.00
8/18/2026, 11:23:24 PM
2027-03-19
$185.00
8/18/2026, 11:23:24 PM
Selected expiration: 2026-08-21 at max pain $155.00.
IT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
11930000
11930000
90
0
10862500
10862500
95
0
9806000
9806000
100
500
8750500
8751000
105
1000
7714000
7715000
110
4000
6834000
6838000
115
7000
6017000
6024000
120
10500
5210500
5221000
125
16000
4469500
4485500
130
22000
3759500
3781500
135
41500
3121500
3163000
140
141500
2526000
2667500
145
318500
1969500
2288000
150
530000
1425000
1955000
155
760500
1119000
1879500
160
1187500
875500
2063000
165
2636000
669500
3305500
170
4100000
502000
4602000
175
5600500
340500
5941000
180
7199000
195000
7394000
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.