This page reflects KGS 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 — KGS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $65.00 (2.12 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$2.67
±4.3%
Days to Expiry
3
Calendar days
Total Call OI
1,965
Nearest expiry
Total Put OI
2,366
Nearest expiry
P/C OI Ratio
1.20
Put-heavy
Spot Price
$62.88
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
$70.00
6/18/2026, 11:23:11 PM
2026-07-17
$70.00
7/17/2026, 11:19:43 PM
2026-08-21NextUpdated
$65.00
8/18/2026, 11:19:33 PM
2026-09-18
$67.50
8/18/2026, 11:19:33 PM
2026-10-16
$65.00
8/18/2026, 11:19:33 PM
2027-01-15
$37.50
8/18/2026, 11:19:33 PM
Selected expiration: 2026-08-21 at max pain $65.00.
KGS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
42.5
0
4698000
4698000
50
750
2923500
2924250
52.5
1000
2332000
2333000
55
1250
1741750
1743000
57.5
1500
1215500
1217000
60
1750
690250
692000
62.5
40000
298250
338250
65
80250
33750
114000
67.5
141250
1750
143000
70
203500
0
203500
72.5
358250
0
358250
75
719500
0
719500
77.5
1208500
0
1208500
80
1699000
0
1699000
85
2680500
0
2680500
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.