This page reflects KR 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 — KR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $57.00 (0.66 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$57.00
Nearest expiry
Expected Move
±$1.46
±2.6%
Days to Expiry
3
Calendar days
Total Call OI
28,205
Nearest expiry
Total Put OI
14,393
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$56.34
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
$58.00
8/7/2026, 11:18:08 PM
2026-08-14
$58.00
8/14/2026, 11:16:26 PM
2026-08-21NextUpdated
$57.00
8/18/2026, 11:24:04 PM
2026-08-28
$57.00
8/18/2026, 11:24:04 PM
2026-09-04
$57.00
8/18/2026, 11:24:04 PM
2026-09-11
$57.00
8/18/2026, 11:24:04 PM
2026-09-18
$60.00
8/18/2026, 11:24:04 PM
2026-09-25
$56.00
8/18/2026, 11:24:04 PM
2026-10-16
$60.00
8/18/2026, 11:24:04 PM
2026-12-18
$60.00
8/18/2026, 11:24:04 PM
2027-01-15
$62.50
8/18/2026, 11:24:04 PM
2027-03-19
$57.50
8/18/2026, 11:24:04 PM
2027-06-17
$65.00
8/18/2026, 11:24:04 PM
Selected expiration: 2026-08-21 at max pain $57.00.
KR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
21804200
21804200
45
0
14608700
14608700
47
800
11731500
11732300
48
1300
10292900
10294200
49
1800
8865300
8867100
50
2300
7440900
7443200
51
3300
6106300
6109600
52
4400
4782100
4786500
52.5
5000
4130150
4135150
53
5750
3545900
3551650
54
8850
2402600
2411450
55
13150
1290500
1303650
56
18150
871700
889850
57
42050
529600
571650
57.5
478600
362000
840600
58
940750
257050
1197800
59
2648250
129850
2778100
60
4445950
11250
4457200
61
6571250
9750
6581000
62
8739850
8250
8748100
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.