This page reflects LI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 17, 2026 close
Max Pain — LI
Data as of market close Aug 17, 2026
Nearest listed expiration 2026-08-21 shows max pain at $12.00 (0.41 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.00
Nearest expiry
Expected Move
±$0.37
±3.0%
Days to Expiry
4
Calendar days
Total Call OI
10,432
Nearest expiry
Total Put OI
34,058
Nearest expiry
P/C OI Ratio
3.26
Put-heavy
Spot Price
$12.41
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
$13.00
8/7/2026, 11:19:46 PM
2026-08-14
$13.00
8/14/2026, 11:20:12 PM
2026-08-21NextUpdated
$12.00
8/17/2026, 11:22:54 PM
2026-08-28
$12.50
8/17/2026, 11:22:54 PM
2026-09-04
$12.00
8/17/2026, 11:22:54 PM
2026-09-11
$12.50
8/17/2026, 11:22:54 PM
2026-09-18
$15.00
8/17/2026, 11:22:54 PM
2026-09-25
$13.00
8/17/2026, 11:22:54 PM
2026-10-02
$12.00
8/17/2026, 11:22:54 PM
2026-12-18
$13.00
8/17/2026, 11:22:54 PM
2027-01-15
$17.00
8/17/2026, 11:22:54 PM
2027-03-19
$13.00
8/17/2026, 11:22:54 PM
Selected expiration: 2026-08-21 at max pain $12.00.
LI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
6
0
15939100
15939100
7
200
12533300
12533500
8
500
9127500
9128000
8.5
650
7424600
7425250
9
850
5721700
5722550
10
1350
2322500
2323850
10.5
2100
1602050
1604150
11
2950
881600
884550
11.5
14050
522350
536400
12
25600
164550
190150
12.5
100550
88100
188650
13
186350
20950
207300
13.5
533850
14650
548500
14
902400
11550
913950
14.5
1316950
9400
1326350
15
1734400
7400
1741800
15.5
2234650
6250
2240900
16
2738500
5200
2743700
16.5
3256700
4450
3261150
17
3775200
3800
3779000
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.