Nearest listed expiration 2026-08-21 shows max pain at $900.00 (26.69 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$900.00
Nearest expiry
Expected Move
±$58.40
±6.7%
Days to Expiry
3
Calendar days
Total Call OI
29,340
Nearest expiry
Total Put OI
39,545
Nearest expiry
P/C OI Ratio
1.35
Put-heavy
Spot Price
$873.31
Published close
Consensus
4.0/10
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
$800.00
8/7/2026, 11:21:23 PM
2026-08-14
$875.00
8/14/2026, 11:25:29 PM
2026-08-21NextUpdated
$900.00
8/18/2026, 11:20:09 PM
2026-08-28
$890.00
8/18/2026, 11:20:09 PM
2026-09-04
$880.00
8/18/2026, 11:20:09 PM
2026-09-11
$925.00
8/18/2026, 11:20:09 PM
2026-09-18
$800.00
8/18/2026, 11:20:09 PM
2026-09-25
$900.00
8/18/2026, 11:20:09 PM
2026-10-02
$920.00
8/18/2026, 11:20:09 PM
2026-10-16
$880.00
8/18/2026, 11:20:09 PM
2026-11-20
$840.00
8/18/2026, 11:20:09 PM
2026-12-18
$810.00
8/18/2026, 11:20:09 PM
2027-01-15
$700.00
8/18/2026, 11:20:09 PM
2027-02-19
$710.00
8/18/2026, 11:20:09 PM
2027-03-19
$700.00
8/18/2026, 11:20:09 PM
2027-06-17
$800.00
8/18/2026, 11:20:09 PM
2027-07-16
$740.00
8/18/2026, 11:20:09 PM
Selected expiration: 2026-08-21 at max pain $900.00.
LITE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
300
0
1821503750
1821503750
320
6000
1742911750
1742917750
340
26000
1664519750
1664545750
350
40000
1625351750
1625391750
360
55000
1586183750
1586238750
370
75000
1547123750
1547198750
380
96000
1508079750
1508175750
390
121000
1469093750
1469214750
400
148000
1430170750
1430318750
410
177000
1391811750
1391988750
420
208000
1353481750
1353689750
430
243000
1315247750
1315490750
440
290000
1277136750
1277426750
450
357000
1239121750
1239478750
460
443000
1201621750
1202064750
470
544000
1164171750
1164715750
480
665000
1126875750
1127540750
490
806000
1089874750
1090680750
500
982000
1052961750
1053943750
510
1208000
1016712750
1017920750
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.