This page reflects J 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 — J
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $130.00 (12.86 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$3.75
±2.6%
Days to Expiry
3
Calendar days
Total Call OI
555
Nearest expiry
Total Put OI
379
Nearest expiry
P/C OI Ratio
0.68
Put-heavy
Spot Price
$142.86
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
$115.00
6/18/2026, 11:18:21 PM
2026-07-17
$120.00
7/17/2026, 11:17:56 PM
2026-08-21NextUpdated
$130.00
8/18/2026, 11:18:26 PM
2026-09-18
$135.00
8/18/2026, 11:18:26 PM
2026-10-16
$120.00
8/18/2026, 11:18:26 PM
2026-12-18
$120.00
8/18/2026, 11:18:26 PM
2027-01-15
$140.00
8/18/2026, 11:18:26 PM
Selected expiration: 2026-08-21 at max pain $130.00.
J pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
1594500
1594500
95
0
1235500
1235500
100
0
1056500
1056500
105
0
877500
877500
110
500
702500
703000
115
1500
530000
531500
120
7000
361000
368000
125
15500
195500
211000
130
33000
49000
82000
135
127500
19500
147000
140
262000
5000
267000
145
440500
1000
441500
150
671500
0
671500
155
916000
0
916000
160
1161500
0
1161500
165
1434000
0
1434000
180
2253000
0
2253000
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.