This page reflects MBLY 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 — MBLY
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $8.00 (0.87 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.00
Nearest expiry
Expected Move
±$0.43
±4.8%
Days to Expiry
3
Calendar days
Total Call OI
49,535
Nearest expiry
Total Put OI
16,713
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$8.87
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
$7.50
8/7/2026, 11:17:36 PM
2026-08-14
$4.50
8/14/2026, 11:18:47 PM
2026-08-21NextUpdated
$8.00
8/18/2026, 11:21:14 PM
2026-08-28
$3.00
8/18/2026, 11:21:14 PM
2026-09-04
$2.00
8/18/2026, 11:21:14 PM
2026-09-11
$1.00
8/18/2026, 11:21:14 PM
2026-09-18
$8.00
8/18/2026, 11:21:14 PM
2026-09-25
$1.00
8/18/2026, 11:21:14 PM
2026-10-02
$1.00
8/18/2026, 11:21:14 PM
2026-11-20
$10.00
8/18/2026, 11:21:14 PM
2027-01-15
$10.00
8/18/2026, 11:21:14 PM
2027-02-19
$7.00
8/18/2026, 11:21:14 PM
Selected expiration: 2026-08-21 at max pain $8.00.
MBLY pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
12323850
12323850
2
500
10653050
10653550
3
7300
8982250
8989550
3.5
11700
8146950
8158650
4
17450
7311650
7329100
4.5
23600
6476500
6500100
5
29900
5641350
5671250
5.5
39100
4808150
4847250
6
48300
3975750
4024050
6.5
64000
3158500
3222500
7
80050
2354400
2434450
7.5
108150
1594400
1702550
8
249900
892150
1142050
8.5
959950
591750
1551700
9
1709150
326150
2035300
9.5
2639950
192800
2832750
10
3631950
76300
3708250
10.5
4977850
39350
5017200
11
6337300
2400
6339700
11.5
7925450
2050
7927500
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.