This page reflects KNSL 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 — KNSL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $360.00 (12.71 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$360.00
Nearest expiry
Expected Move
±$11.53
±3.1%
Days to Expiry
3
Calendar days
Total Call OI
535
Nearest expiry
Total Put OI
963
Nearest expiry
P/C OI Ratio
1.80
Put-heavy
Spot Price
$372.71
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
$320.00
6/18/2026, 11:20:25 PM
2026-07-17
$340.00
7/17/2026, 11:19:27 PM
2026-08-21NextUpdated
$360.00
8/18/2026, 11:19:48 PM
2026-09-18
$360.00
8/18/2026, 11:19:48 PM
2026-10-16
$310.00
8/18/2026, 11:19:48 PM
2027-01-15
$340.00
8/18/2026, 11:19:48 PM
Selected expiration: 2026-08-21 at max pain $360.00.
KNSL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
185
0
13664000
13664000
190
0
13184000
13184000
195
0
12705500
12705500
200
0
12228000
12228000
210
0
11276000
11276000
220
0
10344000
10344000
230
0
9418000
9418000
240
0
8501000
8501000
250
0
7585000
7585000
260
0
6671000
6671000
270
0
5759000
5759000
280
0
4852000
4852000
290
0
3965000
3965000
300
0
3256000
3256000
310
5000
2591000
2596000
320
12000
1958000
1970000
330
21000
1442000
1463000
340
112000
966000
1078000
350
232000
528000
760000
360
396000
269000
665000
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.