thetaOwl

MAIN

Main Street Capital CorporationClose $57.81EOD only
Max Pain
$59.70
Next expiry Aug 21, 2026
Expected Move
±$1.75
3.0% from close
Price Gap
+1.89
Distance to max pain
IV Rank
32
Middle-high premium
P/C OI
1.73
Slightly put-heavy
Consensus
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot

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

Nearest listed expiration 2026-08-21 shows max pain at $59.70 (1.89 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$59.70
Nearest expiry
Expected Move
±$1.75
±3.0%
Days to Expiry
3
Calendar days
Total Call OI
2,504
Nearest expiry
Total Put OI
11,456
Nearest expiry
P/C OI Ratio
4.58
Put-heavy
Spot Price
$57.81
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
2026-06-18$54.406/18/2026, 11:19:42 PM
2026-07-17$54.707/17/2026, 11:22:01 PM
2026-08-21NextUpdated$59.708/18/2026, 11:20:31 PM
2026-09-18$59.408/18/2026, 11:20:31 PM
2026-12-18$54.708/18/2026, 11:20:31 PM
2027-03-19$60.008/18/2026, 11:20:31 PM
Selected expiration: 2026-08-21 at max pain $59.70.
MAIN pain by strike for 2026-08-21 expiration
StrikeCall PainPut PainTotal Pain
29.702801300028013000
34.702228550022285500
39.701655800016558000
4001621438016214380
44.701083100010831000
49.7052480005248000
5012050816205081740
54.7200024750002477000
552981023265002356310
59.74655000465500
605399600539960
64.7170650001706500
69.7295550002955500
74.7420700004207000
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.