This page reflects KVYO 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 — KVYO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $17.50 (0.31 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.50
Nearest expiry
Expected Move
±$1.02
±5.8%
Days to Expiry
3
Calendar days
Total Call OI
15,885
Nearest expiry
Total Put OI
4,646
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$17.81
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
$15.00
6/18/2026, 11:17:58 PM
2026-07-17
$15.00
7/17/2026, 11:24:25 PM
2026-08-21NextUpdated
$17.50
8/18/2026, 11:20:05 PM
2026-09-18
$17.50
8/18/2026, 11:20:05 PM
2026-10-16
$15.00
8/18/2026, 11:20:05 PM
2027-01-15
$17.50
8/18/2026, 11:20:05 PM
Selected expiration: 2026-08-21 at max pain $17.50.
KVYO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
5819500
5819500
5
62750
4658000
4720750
7.5
180250
3496500
3676750
10
303250
2335000
2638250
12.5
429750
1294000
1723750
15
562500
547000
1109500
17.5
917750
149500
1067250
20
2642250
11750
2654000
22.5
5715000
0
5715000
25
9207750
0
9207750
27.5
13161750
0
13161750
30
17131000
0
17131000
35
25073500
0
25073500
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.