This page reflects LOW 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 — LOW
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $210.00 (5.64 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$210.00
Nearest expiry
Expected Move
±$9.05
±4.2%
Days to Expiry
3
Calendar days
Total Call OI
10,838
Nearest expiry
Total Put OI
12,395
Nearest expiry
P/C OI Ratio
1.14
Put-heavy
Spot Price
$215.64
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
$215.00
8/7/2026, 11:21:24 PM
2026-08-14
$217.50
8/14/2026, 11:24:28 PM
2026-08-21NextUpdated
$210.00
8/18/2026, 11:20:47 PM
2026-08-28
$217.50
8/18/2026, 11:20:47 PM
2026-09-04
$215.00
8/18/2026, 11:20:47 PM
2026-09-11
$220.00
8/18/2026, 11:20:47 PM
2026-09-18
$220.00
8/18/2026, 11:20:47 PM
2026-09-25
$215.00
8/18/2026, 11:20:47 PM
2026-10-16
$220.00
8/18/2026, 11:20:47 PM
2026-12-18
$230.00
8/18/2026, 11:20:47 PM
2027-01-15
$240.00
8/18/2026, 11:20:47 PM
2027-03-19
$210.00
8/18/2026, 11:20:47 PM
2027-06-17
$210.00
8/18/2026, 11:20:47 PM
Selected expiration: 2026-08-21 at max pain $210.00.
LOW pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
140
0
72631000
72631000
145
0
66434000
66434000
150
0
60238000
60238000
155
0
54046500
54046500
160
0
47872500
47872500
165
1500
41736000
41737500
170
3000
35657500
35660500
175
4500
29632000
29636500
180
6500
23648000
23654500
182.5
9750
20724500
20734250
185
13000
17802000
17815000
187.5
37000
14920750
14957750
190
61250
12044250
12105500
192.5
99000
9280500
9379500
195
138750
6554750
6693500
197.5
180000
5297750
5477750
200
221250
4059000
4280250
202.5
286000
3046750
3332750
205
358250
2072500
2430750
207.5
437750
1453750
1891500
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.