This page reflects JXN 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 — JXN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $120.00 (14.86 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$3.95
±2.9%
Days to Expiry
3
Calendar days
Total Call OI
561
Nearest expiry
Total Put OI
1,966
Nearest expiry
P/C OI Ratio
3.50
Put-heavy
Spot Price
$134.86
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
$105.00
6/18/2026, 11:19:21 PM
2026-07-17
$115.00
7/17/2026, 11:22:10 PM
2026-08-21NextUpdated
$120.00
8/18/2026, 11:19:15 PM
2026-09-18
$125.00
8/18/2026, 11:19:15 PM
2026-10-16
$135.00
8/18/2026, 11:19:15 PM
2026-11-20
$110.00
8/18/2026, 11:19:15 PM
2026-12-18
$100.00
8/18/2026, 11:19:15 PM
2027-01-15
$130.00
8/18/2026, 11:19:15 PM
2027-02-19
$100.00
8/18/2026, 11:19:15 PM
2027-03-19
$110.00
8/18/2026, 11:19:15 PM
Selected expiration: 2026-08-21 at max pain $120.00.
JXN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
7595000
7595000
75
0
3667000
3667000
80
0
2737000
2737000
85
0
1807000
1807000
90
0
882500
882500
95
0
708000
708000
100
0
542500
542500
105
1000
397500
398500
110
12500
257000
269500
115
31500
156500
188000
120
61000
90500
151500
125
133500
35000
168500
130
280000
15500
295500
135
470500
0
470500
140
727000
0
727000
160
1827000
0
1827000
165
2107500
0
2107500
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.