thetaOwl

MA

Mastercard IncorporatedClose $574.31EOD only
Max Pain
$540.00
Next expiry Aug 21, 2026
Expected Move
±$10.35
1.8% from close
Price Gap
-34.31
Distance to max pain
IV Rank
33
Middle-high premium
P/C OI
0.97
Balanced positioning
Consensus
4/4
Partial coverage
Published snapshot: Aug 18, 2026 close
End-of-day snapshot

This page reflects MA 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 — MA
Data as of market close Aug 18, 2026

Nearest listed expiration 2026-08-21 shows max pain at $540.00 (34.31 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$540.00
Nearest expiry
Expected Move
±$10.35
±1.8%
Days to Expiry
3
Calendar days
Total Call OI
11,283
Nearest expiry
Total Put OI
12,664
Nearest expiry
P/C OI Ratio
1.12
Put-heavy
Spot Price
$574.31
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-08-21
ExpirationMax Pain StrikeLast Updated
2026-08-07$565.008/7/2026, 11:20:51 PM
2026-08-14$555.008/14/2026, 11:23:35 PM
2026-08-21NextUpdated$540.008/18/2026, 11:21:33 PM
2026-08-28$550.008/18/2026, 11:21:33 PM
2026-09-04$555.008/18/2026, 11:21:33 PM
2026-09-11$550.008/18/2026, 11:21:33 PM
2026-09-18$530.008/18/2026, 11:21:33 PM
2026-09-25$560.008/18/2026, 11:21:33 PM
2026-10-02$540.008/18/2026, 11:21:33 PM
2026-10-16$535.008/18/2026, 11:21:33 PM
2026-11-20$535.008/18/2026, 11:21:33 PM
2026-12-18$540.008/18/2026, 11:21:33 PM
2027-01-15$540.008/18/2026, 11:21:33 PM
2027-03-19$530.008/18/2026, 11:21:33 PM
2027-06-17$540.008/18/2026, 11:21:33 PM
Selected expiration: 2026-08-21 at max pain $540.00.
MA pain by strike for 2026-08-21 expiration
StrikeCall PainPut PainTotal Pain
2500291454750291454750
2600278812750278812750
2700266245750266245750
2800253745750253745750
2900241265750241265750
3002000228803750228805750
3104000216355750216359750
3206000203922750203928750
3308000191508750191516750
3359000185309750185318750
34010000179114750179124750
34511000172983750172994750
35012000166861750166873750
35513000160744250160757250
36014000154628750154642750
36515000148513750148528750
37016000142402750142418750
37517000136319750136336750
38018000130249750130267750
38519500124189750124209250
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.