This page reflects MAC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — MAC
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $24.00 (0.90 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$24.00
Nearest expiry
Expected Move
±$0.60
±2.4%
Days to Expiry
2
Calendar days
Total Call OI
681
Nearest expiry
Total Put OI
115
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$24.90
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
$20.00
6/18/2026, 11:20:53 PM
2026-07-17
$23.00
7/17/2026, 11:26:18 PM
2026-08-21NextUpdated
$24.00
8/19/2026, 11:22:05 PM
2026-09-18
$19.00
8/19/2026, 11:22:05 PM
2026-12-18
$20.00
8/19/2026, 11:22:05 PM
2027-03-19
$21.00
8/19/2026, 11:22:05 PM
Selected expiration: 2026-08-21 at max pain $24.00.
MAC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
16
0
99400
99400
18
0
76600
76600
19
300
65400
65700
20
900
54200
55100
22
2100
32200
34300
23
2800
21200
24000
24
3800
10300
14100
25
24900
300
25200
26
54700
100
54800
27
98800
0
98800
28
152200
0
152200
29
218600
0
218600
30
285800
0
285800
31
353200
0
353200
32
421100
0
421100
33
489100
0
489100
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.