This page reflects MAS 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 — MAS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $85.00 (11.62 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$2.15
±2.9%
Days to Expiry
3
Calendar days
Total Call OI
692
Nearest expiry
Total Put OI
6,002
Nearest expiry
P/C OI Ratio
8.67
Put-heavy
Spot Price
$73.38
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
$65.00
6/18/2026, 11:17:41 PM
2026-07-17
$70.00
7/17/2026, 11:21:47 PM
2026-08-21NextUpdated
$85.00
8/18/2026, 11:21:31 PM
2026-09-18
$70.00
8/18/2026, 11:21:31 PM
2026-10-16
$70.00
8/18/2026, 11:21:31 PM
2027-01-15
$60.00
8/18/2026, 11:21:31 PM
Selected expiration: 2026-08-21 at max pain $85.00.
MAS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
15966000
15966000
55
0
12969000
12969000
60
0
10134000
10134000
65
5000
7299500
7304500
70
12500
4680000
4692500
75
51000
2242000
2293000
80
113500
1000000
1113500
85
283000
0
283000
90
625000
0
625000
100
1316000
0
1316000
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.