This page reflects KGC 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 — KGC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $27.00 (0.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$27.00
Nearest expiry
Expected Move
±$0.88
±3.2%
Days to Expiry
3
Calendar days
Total Call OI
23,939
Nearest expiry
Total Put OI
14,041
Nearest expiry
P/C OI Ratio
0.59
Put-heavy
Spot Price
$27.12
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
2026-08-07
$23.00
8/7/2026, 11:20:12 PM
2026-08-14
$26.00
8/14/2026, 11:16:24 PM
2026-08-21NextUpdated
$27.00
8/18/2026, 11:18:40 PM
2026-08-28
$23.00
8/18/2026, 11:18:40 PM
2026-09-04
$25.00
8/18/2026, 11:18:40 PM
2026-09-11
$26.00
8/18/2026, 11:18:40 PM
2026-09-18
$24.00
8/18/2026, 11:18:40 PM
2026-09-25
$25.00
8/18/2026, 11:18:40 PM
2026-10-16
$27.00
8/18/2026, 11:18:40 PM
2026-11-20
$25.00
8/18/2026, 11:18:40 PM
2027-01-15
$23.00
8/18/2026, 11:18:40 PM
2027-02-19
$25.00
8/18/2026, 11:18:40 PM
2027-05-21
$22.00
8/18/2026, 11:18:40 PM
Selected expiration: 2026-08-21 at max pain $27.00.
KGC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
14
0
16597800
16597800
15
800
15193700
15194500
16
3700
13798100
13801800
17
7200
12402800
12410000
18
11200
11007700
11018900
19
15900
9618900
9634800
19.5
18600
8928350
8946950
20
21400
8238000
8259400
20.5
27450
7580950
7608400
21
33600
6924500
6958100
21.5
41100
6339800
6380900
22
48800
5757750
5806550
22.5
64800
5197500
5262300
23
83450
4638300
4721750
23.5
132100
4138400
4270500
24
185450
3640450
3825900
24.5
291500
3186850
3478350
25
404800
2733900
3138700
25.5
589300
2361350
2950650
26
810550
1990250
2800800
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.