This page reflects KAI 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 — KAI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $310.00 (0.36 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$310.00
Nearest expiry
Expected Move
±$4.40
±1.4%
Days to Expiry
3
Calendar days
Total Call OI
26
Nearest expiry
Total Put OI
8
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$309.64
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
$280.00
6/18/2026, 11:19:09 PM
2026-07-17
$195.00
7/17/2026, 11:19:52 PM
2026-08-21NextUpdated
$310.00
8/18/2026, 11:18:10 PM
2026-09-18
$290.00
8/18/2026, 11:18:10 PM
2026-10-16
$290.00
8/18/2026, 11:18:10 PM
2027-01-15
$320.00
8/18/2026, 11:18:10 PM
Selected expiration: 2026-08-21 at max pain $310.00.
KAI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
290
0
14000
14000
300
1000
6000
7000
310
2000
0
2000
320
3000
0
3000
330
7000
0
7000
340
12000
0
12000
350
18000
0
18000
360
28000
0
28000
370
42000
0
42000
380
60000
0
60000
390
79000
0
79000
400
99000
0
99000
410
119000
0
119000
420
139000
0
139000
430
159000
0
159000
440
181000
0
181000
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.