This page reflects KOPN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 20, 2026 close
Max Pain — KOPN
Data as of market close Aug 20, 2026
Nearest listed expiration 2026-08-21 shows max pain at $4.00 (0.89 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$4.00
Nearest expiry
Expected Move
±$0.35
±7.2%
Days to Expiry
1
Calendar days
Total Call OI
8,187
Nearest expiry
Total Put OI
2,117
Nearest expiry
P/C OI Ratio
0.26
Put-heavy
Spot Price
$4.89
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
$0.50
8/7/2026, 11:18:36 PM
2026-08-14
$0.50
8/14/2026, 11:21:14 PM
2026-08-21NextUpdated
$4.00
8/20/2026, 11:19:53 PM
2026-08-28
$0.50
8/20/2026, 11:19:53 PM
2026-09-04
$0.50
8/20/2026, 11:19:53 PM
2026-09-11
$0.50
8/20/2026, 11:19:53 PM
2026-09-18
$4.50
8/20/2026, 11:19:53 PM
2026-09-25
$0.50
8/20/2026, 11:19:53 PM
2026-10-02
$1.00
8/20/2026, 11:19:53 PM
2026-10-16
$3.00
8/20/2026, 11:19:53 PM
2027-01-15
$3.00
8/20/2026, 11:19:53 PM
2027-03-19
$3.00
8/20/2026, 11:19:53 PM
Selected expiration: 2026-08-21 at max pain $4.00.
KOPN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
794200
794200
1
15150
689600
704750
1.5
45600
587150
632750
2
76300
485100
561400
2.5
110400
383600
494000
3
144650
283150
427800
3.5
192200
184950
377150
4
253800
107100
360900
4.5
398550
42800
441350
5
617650
10500
628150
5.5
917650
2100
919750
6
1245500
1400
1246900
6.5
1599850
1000
1600850
7
1954200
650
1954850
7.5
2313150
400
2313550
8
2672100
250
2672350
8.5
3081100
150
3081250
9
3490300
100
3490400
10
4309000
0
4309000
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.