This page reflects KMB 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 — KMB
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $106.00 (1.72 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$106.00
Nearest expiry
Expected Move
±$2.75
±2.5%
Days to Expiry
3
Calendar days
Total Call OI
14,961
Nearest expiry
Total Put OI
6,834
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$107.72
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
$109.00
8/7/2026, 11:18:33 PM
2026-08-14
$108.00
8/14/2026, 11:20:07 PM
2026-08-21NextUpdated
$106.00
8/18/2026, 11:22:02 PM
2026-08-28
$108.00
8/18/2026, 11:22:02 PM
2026-09-04
$108.00
8/18/2026, 11:22:02 PM
2026-09-11
$108.00
8/18/2026, 11:22:02 PM
2026-09-18
$105.00
8/18/2026, 11:22:02 PM
2026-09-25
$107.00
8/18/2026, 11:22:02 PM
2026-10-02
$111.00
8/18/2026, 11:22:02 PM
2026-10-16
$105.00
8/18/2026, 11:22:02 PM
2026-12-18
$100.00
8/18/2026, 11:22:02 PM
2027-01-15
$105.00
8/18/2026, 11:22:02 PM
2027-03-19
$100.00
8/18/2026, 11:22:02 PM
2027-06-17
$100.00
8/18/2026, 11:22:02 PM
Selected expiration: 2026-08-21 at max pain $106.00.
KMB pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
33102000
33102000
55
8000
29694000
29702000
60
18000
26286000
26304000
70
40000
19470000
19510000
75
51500
16065500
16117000
80
63500
12691500
12755000
85
76000
9549000
9625000
90
89500
7005000
7094500
95
249500
4584500
4834000
96
294500
4173300
4467800
97
339500
3762400
4101900
98
384500
3359800
3744300
99
429500
2957800
3387300
100
474700
2556900
3031600
101
565100
2290200
2855300
102
657100
2026600
2683700
103
754300
1765700
2520000
104
856200
1508900
2365100
105
960800
1258900
2219700
106
1168100
1050000
2218100
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.