This page reflects KDP 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 — KDP
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $30.00 (0.79 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$1.02
±3.3%
Days to Expiry
3
Calendar days
Total Call OI
18,438
Nearest expiry
Total Put OI
2,248
Nearest expiry
P/C OI Ratio
0.12
Put-heavy
Spot Price
$30.79
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
$30.00
6/18/2026, 11:19:14 PM
2026-07-17
$31.00
7/17/2026, 11:23:37 PM
2026-08-21NextUpdated
$30.00
8/18/2026, 11:21:15 PM
2026-09-18
$30.00
8/18/2026, 11:21:15 PM
2026-10-16
$30.00
8/18/2026, 11:21:15 PM
2026-12-18
$30.00
8/18/2026, 11:21:15 PM
2027-01-15
$28.00
8/18/2026, 11:21:15 PM
2027-03-19
$28.00
8/18/2026, 11:21:15 PM
2027-06-17
$30.00
8/18/2026, 11:21:15 PM
Selected expiration: 2026-08-21 at max pain $30.00.
KDP pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
23
0
1395400
1395400
24
200
1173600
1173800
25
2400
952400
954800
26
5700
731800
737500
27
9400
511600
521000
28
13200
295300
308500
29
19200
95600
114800
30
27100
43600
70700
31
69500
13700
83200
32
354900
2100
357000
33
763600
0
763600
34
2305800
0
2305800
35
3935800
0
3935800
36
5772300
0
5772300
37
7610400
0
7610400
38
9451200
0
9451200
39
11292200
0
11292200
40
13133800
0
13133800
41
14975400
0
14975400
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.