This page reflects ITT 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 — ITT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $195.00 (22.67 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$195.00
Nearest expiry
Expected Move
±$1.85
±0.8%
Days to Expiry
3
Calendar days
Total Call OI
1,884
Nearest expiry
Total Put OI
2,811
Nearest expiry
P/C OI Ratio
1.49
Put-heavy
Spot Price
$217.67
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
$200.00
6/18/2026, 11:18:56 PM
2026-07-17
$190.00
7/17/2026, 11:18:34 PM
2026-08-21NextUpdated
$195.00
8/18/2026, 11:18:56 PM
2026-09-18
$200.00
8/18/2026, 11:18:56 PM
2026-10-16
$195.00
8/18/2026, 11:18:56 PM
2027-01-15
$160.00
8/18/2026, 11:18:56 PM
Selected expiration: 2026-08-21 at max pain $195.00.
ITT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
140
0
12706000
12706000
145
0
11302000
11302000
150
0
9899000
9899000
155
0
8497000
8497000
160
500
7097500
7098000
165
1000
5700000
5701000
170
1500
4305000
4306500
175
2000
2936500
2938500
180
3500
1570000
1573500
185
5500
1011000
1016500
190
7500
634000
641500
195
166500
292500
459000
200
817500
24000
841500
210
2207500
0
2207500
220
3920500
0
3920500
230
5754500
0
5754500
240
7613500
0
7613500
250
9475500
0
9475500
270
13233500
0
13233500
290
16997500
0
16997500
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.