This page reflects ITRI 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 — ITRI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $95.00 (1.18 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$3.40
±3.5%
Days to Expiry
3
Calendar days
Total Call OI
893
Nearest expiry
Total Put OI
4,179
Nearest expiry
P/C OI Ratio
4.68
Put-heavy
Spot Price
$96.18
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
$90.00
6/18/2026, 11:18:08 PM
2026-07-17
$85.00
7/17/2026, 11:19:06 PM
2026-08-21NextUpdated
$95.00
8/18/2026, 11:18:26 PM
2026-09-18
$105.00
8/18/2026, 11:18:26 PM
2026-11-20
$90.00
8/18/2026, 11:18:26 PM
2026-12-18
$95.00
8/18/2026, 11:18:26 PM
2027-02-19
$85.00
8/18/2026, 11:18:26 PM
Selected expiration: 2026-08-21 at max pain $95.00.
ITRI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
13207500
13207500
55
0
9050500
9050500
60
0
6972500
6972500
65
500
4914000
4914500
70
1000
3764000
3765000
75
3000
2651000
2654000
80
6000
1636500
1642500
85
10500
689500
700000
90
64500
387500
452000
95
166500
225500
392000
100
318000
79000
397000
105
525500
36500
562000
110
753500
1000
754500
115
1012500
0
1012500
120
1431500
0
1431500
125
1864500
0
1864500
130
2302500
0
2302500
145
3616500
0
3616500
150
4054500
0
4054500
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.