This page reflects JACK options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — JACK
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $15.00 (2.15 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$1.12
±6.6%
Days to Expiry
2
Calendar days
Total Call OI
13,486
Nearest expiry
Total Put OI
2,264
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$17.15
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
$12.50
6/18/2026, 11:19:09 PM
2026-07-17
$15.00
7/17/2026, 11:21:52 PM
2026-08-21NextUpdated
$15.00
8/19/2026, 11:22:10 PM
2026-09-18
$15.00
8/19/2026, 11:22:10 PM
2026-12-18
$17.50
8/19/2026, 11:22:10 PM
2027-01-15
$12.50
8/19/2026, 11:22:10 PM
2027-03-19
$17.50
8/19/2026, 11:22:10 PM
Selected expiration: 2026-08-21 at max pain $15.00.
JACK pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
2552250
2552250
5
5750
1985750
1991500
7.5
11500
1419500
1431000
10
17250
886250
903500
12.5
29250
415500
444750
15
69750
129500
199250
17.5
253250
16250
269500
20
932250
250
932500
22.5
2320750
0
2320750
25
4052250
0
4052250
27.5
7463000
0
7463000
30
10893000
0
10893000
32.5
14356250
0
14356250
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.