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JPM

JP Morgan Chase & Co.Close $363.25EOD only
Max Pain
$340.00
Next expiry Aug 21, 2026
Expected Move
±$5.85
1.6% from close
Price Gap
-23.25
Distance to max pain
IV Rank
21
Low premium
P/C OI
1.14
Slightly put-heavy
Consensus
4/4
Partial coverage
Published snapshot: Aug 18, 2026 close
End-of-day snapshot

This page reflects JPM 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 — JPM
Data as of market close Aug 18, 2026
Open Available Reports (4/4)

Nearest listed expiration 2026-08-21 shows max pain at $340.00 (23.25 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$340.00
Nearest expiry
Expected Move
±$5.85
±1.6%
Days to Expiry
3
Calendar days
Total Call OI
56,041
Nearest expiry
Total Put OI
63,752
Nearest expiry
P/C OI Ratio
1.14
Put-heavy
Spot Price
$363.25
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-08-21
ExpirationMax Pain StrikeLast Updated
2026-08-07$352.508/7/2026, 11:17:37 PM
2026-08-14$360.008/14/2026, 11:20:11 PM
2026-08-21NextUpdated$340.008/18/2026, 11:19:06 PM
2026-08-28$355.008/18/2026, 11:19:06 PM
2026-09-04$355.008/18/2026, 11:19:06 PM
2026-09-11$360.008/18/2026, 11:19:06 PM
2026-09-18$330.008/18/2026, 11:19:06 PM
2026-09-25$370.008/18/2026, 11:19:06 PM
2026-10-02$370.008/18/2026, 11:19:06 PM
2026-10-16$335.008/18/2026, 11:19:06 PM
2026-11-20$330.008/18/2026, 11:19:06 PM
2026-12-18$310.008/18/2026, 11:19:06 PM
2027-01-15$300.008/18/2026, 11:19:06 PM
2027-03-19$320.008/18/2026, 11:19:06 PM
2027-06-17$320.008/18/2026, 11:19:06 PM
Selected expiration: 2026-08-21 at max pain $340.00.
JPM pain by strike for 2026-08-21 expiration
StrikeCall PainPut PainTotal Pain
145010039197501003919750
1500972072250972072250
1551500940231750940233250
1603000908431250908434250
1655000876666750876671750
1707000844951750844958750
1759500813285250813294750
18012500781683750781696250
18516000750145250750161250
19019500718652750718672250
19523000687230750687253750
20026500655843250655869750
20530000624779250624809250
21033500593723250593756750
21544500562744750562789250
22055500531770250531825750
22567500500999250501066750
23080000470231750470311750
23595000439979250440074250
240110000410123750410233750
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.