This page reflects MAZE 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 — MAZE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $30.00 (0.87 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$5.60
±19.2%
Days to Expiry
3
Calendar days
Total Call OI
459
Nearest expiry
Total Put OI
278
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$29.13
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
$25.00
6/18/2026, 11:20:33 PM
2026-07-17
$25.00
7/17/2026, 11:24:25 PM
2026-08-21NextUpdated
$30.00
8/18/2026, 11:22:33 PM
2026-09-18
$25.00
8/18/2026, 11:22:33 PM
2026-11-20
$30.00
8/18/2026, 11:22:33 PM
2027-01-15
$20.00
8/18/2026, 11:22:33 PM
2027-02-19
$17.50
8/18/2026, 11:22:33 PM
Selected expiration: 2026-08-21 at max pain $30.00.
MAZE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
514250
514250
17.5
0
445000
445000
20
0
376000
376000
22.5
1500
309250
310750
25
3250
243000
246250
30
12750
161000
173750
35
140250
115000
255250
40
275250
75000
350250
45
444250
35000
479250
50
618750
25000
643750
55
802750
15000
817750
60
1022250
5000
1027250
70
1481250
2000
1483250
75
1710750
1000
1711750
80
1940250
0
1940250
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.