Nearest listed expiration 2026-08-21 shows max pain at $216.00 (21.21 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$216.00
Nearest expiry
Expected Move
±$9.35
±4.8%
Days to Expiry
3
Calendar days
Total Call OI
46,115
Nearest expiry
Total Put OI
70,037
Nearest expiry
P/C OI Ratio
1.52
Put-heavy
Spot Price
$194.79
Published close
Consensus
7.0/10
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
2026-07-17
$222.00
7/17/2026, 11:21:26 PM
2026-08-14
$197.50
8/14/2026, 11:25:10 PM
2026-08-21NextUpdated
$216.00
8/18/2026, 11:20:02 PM
2026-08-28
$200.00
8/18/2026, 11:20:02 PM
2026-09-04
$205.00
8/18/2026, 11:20:02 PM
2026-09-11
$210.00
8/18/2026, 11:20:02 PM
2026-09-18
$218.00
8/18/2026, 11:20:02 PM
2026-09-25
$195.00
8/18/2026, 11:20:02 PM
2026-10-02
$185.00
8/18/2026, 11:20:02 PM
2026-11-20
$202.00
8/18/2026, 11:20:02 PM
2026-12-18
$189.00
8/18/2026, 11:20:02 PM
2027-01-15
$186.00
8/18/2026, 11:20:02 PM
2027-03-19
$230.00
8/18/2026, 11:20:02 PM
2027-06-17
$208.00
8/18/2026, 11:20:02 PM
Selected expiration: 2026-08-21 at max pain $216.00.
KLAC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
102
0
1002964850
1002964850
104
0
989415250
989415250
106
0
975878850
975878850
108
10000
962372450
962382450
110
20000
949196650
949216650
112
30000
936080650
936110650
114
40000
922973650
923013650
116
50000
909977250
910027250
118
60000
896996450
897056450
120
70000
884025250
884095250
122
80000
871127650
871207650
124
98000
860649850
860747850
125
107000
855458750
855565750
126
116000
850301350
850417350
128
142000
839991950
840133950
130
172000
829703550
829875550
132
202000
819569750
819771750
134
232000
809468550
809700550
135
249000
804422050
804671050
136
266000
799431450
799697450
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.