This page reflects MAR 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 — MAR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $360.00 (2.67 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$360.00
Nearest expiry
Expected Move
±$6.90
±1.9%
Days to Expiry
3
Calendar days
Total Call OI
3,110
Nearest expiry
Total Put OI
3,106
Nearest expiry
P/C OI Ratio
1.00
Put-heavy
Spot Price
$357.33
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
$355.00
8/7/2026, 11:20:43 PM
2026-08-14
$357.50
8/14/2026, 11:18:12 PM
2026-08-21NextUpdated
$360.00
8/18/2026, 11:21:16 PM
2026-08-28
$355.00
8/18/2026, 11:21:16 PM
2026-09-04
$360.00
8/18/2026, 11:21:16 PM
2026-09-11
$350.00
8/18/2026, 11:21:16 PM
2026-09-18
$330.00
8/18/2026, 11:21:16 PM
2026-09-25
$350.00
8/18/2026, 11:21:16 PM
2026-10-16
$350.00
8/18/2026, 11:21:16 PM
2026-11-20
$330.00
8/18/2026, 11:21:16 PM
2026-12-18
$310.00
8/18/2026, 11:21:16 PM
2027-01-15
$340.00
8/18/2026, 11:21:16 PM
2027-03-19
$340.00
8/18/2026, 11:21:16 PM
2027-06-17
$380.00
8/18/2026, 11:21:16 PM
Selected expiration: 2026-08-21 at max pain $360.00.
MAR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
175
0
51824000
51824000
180
0
50275500
50275500
185
1000
48728000
48729000
190
2500
47180500
47183000
195
5000
45633000
45638000
200
8000
44085500
44093500
210
16000
40990500
41006500
220
26000
37895500
37921500
230
38000
34800500
34838500
250
64000
28610500
28674500
260
77000
25517500
25594500
270
91000
22442500
22533500
280
105000
19368500
19473500
290
120000
16297500
16417500
295
128000
14763000
14891000
300
136500
13229000
13365500
305
147500
11716500
11864000
310
159000
10211000
10370000
315
176000
8726000
8902000
320
193000
7291000
7484000
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.