This page reflects KMX 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 — KMX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $57.50 (0.10 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$57.50
Nearest expiry
Expected Move
±$2.05
±3.6%
Days to Expiry
3
Calendar days
Total Call OI
3,148
Nearest expiry
Total Put OI
3,611
Nearest expiry
P/C OI Ratio
1.15
Put-heavy
Spot Price
$57.40
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
$45.00
6/18/2026, 11:23:21 PM
2026-07-17
$47.50
7/17/2026, 11:23:46 PM
2026-08-21NextUpdated
$57.50
8/18/2026, 11:18:53 PM
2026-09-18
$50.00
8/18/2026, 11:18:53 PM
2026-10-16
$47.50
8/18/2026, 11:18:53 PM
2026-11-20
$65.00
8/18/2026, 11:18:53 PM
2027-01-15
$40.00
8/18/2026, 11:18:53 PM
Selected expiration: 2026-08-21 at max pain $57.50.
KMX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
32.5
0
7709500
7709500
35
500
6807500
6808000
37.5
1250
5905500
5906750
40
2000
5004000
5006000
42.5
5500
4111500
4117000
45
11500
3282750
3294250
47.5
17500
2531000
2548500
50
26500
1795500
1822000
52.5
57250
1150000
1207250
55
200000
569750
769750
57.5
397000
174750
571750
60
678250
9750
688000
62.5
1219250
750
1220000
65
1818250
0
1818250
67.5
2560750
0
2560750
70
3308000
0
3308000
75
4865500
0
4865500
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.