This page reflects KTB 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 — KTB
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $80.00 (2.30 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$4.25
±5.2%
Days to Expiry
3
Calendar days
Total Call OI
198
Nearest expiry
Total Put OI
262
Nearest expiry
P/C OI Ratio
1.32
Put-heavy
Spot Price
$82.30
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
$65.00
6/18/2026, 11:23:40 PM
2026-07-17
$80.00
7/17/2026, 11:20:05 PM
2026-08-21NextUpdated
$80.00
8/18/2026, 11:22:17 PM
2026-09-18
$70.00
8/18/2026, 11:22:17 PM
2026-12-18
$70.00
8/18/2026, 11:22:17 PM
2027-03-19
$65.00
8/18/2026, 11:22:17 PM
Selected expiration: 2026-08-21 at max pain $80.00.
KTB pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
482000
482000
55
0
371000
371000
60
500
266000
266500
65
1000
162000
163000
70
2000
75000
77000
75
3000
23000
26000
80
11000
11000
22000
85
26500
1500
28000
90
50500
0
50500
95
85000
0
85000
100
165500
0
165500
105
263000
0
263000
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.