This page reflects JAZZ 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 — JAZZ
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $250.00 (3.07 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$250.00
Nearest expiry
Expected Move
±$7.45
±2.9%
Days to Expiry
3
Calendar days
Total Call OI
646
Nearest expiry
Total Put OI
1,006
Nearest expiry
P/C OI Ratio
1.56
Put-heavy
Spot Price
$253.07
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
$160.00
6/18/2026, 11:19:09 PM
2026-07-17
$230.00
7/17/2026, 11:22:11 PM
2026-08-21NextUpdated
$250.00
8/18/2026, 11:18:34 PM
2026-09-18
$240.00
8/18/2026, 11:18:34 PM
2026-12-18
$170.00
8/18/2026, 11:18:34 PM
2027-01-15
$170.00
8/18/2026, 11:18:34 PM
2027-03-19
$175.00
8/18/2026, 11:18:34 PM
2027-06-17
$200.00
8/18/2026, 11:18:34 PM
Selected expiration: 2026-08-21 at max pain $250.00.
JAZZ pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
185
0
3900500
3900500
190
3000
3397500
3400500
195
6000
2896000
2902000
200
9000
2395000
2404000
210
17000
1403000
1420000
220
28000
841000
869000
230
42000
581000
623000
240
81000
338000
419000
250
128000
124000
252000
260
270000
0
270000
270
633000
0
633000
280
1111000
0
1111000
290
1731000
0
1731000
300
2356000
0
2356000
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.