This page reflects MBUU 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 — MBUU
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $27.50 (1.83 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$27.50
Nearest expiry
Expected Move
±$1.30
±4.4%
Days to Expiry
3
Calendar days
Total Call OI
506
Nearest expiry
Total Put OI
548
Nearest expiry
P/C OI Ratio
1.08
Put-heavy
Spot Price
$29.33
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
2026-06-18
$30.00
6/18/2026, 11:19:49 PM
2026-07-17
$27.50
7/17/2026, 11:26:17 PM
2026-08-21NextUpdated
$27.50
8/18/2026, 11:22:46 PM
2026-09-18
$27.50
8/18/2026, 11:22:46 PM
2026-11-20
$27.50
8/18/2026, 11:22:46 PM
2027-02-19
$30.00
8/18/2026, 11:22:46 PM
Selected expiration: 2026-08-21 at max pain $27.50.
MBUU pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
12.5
0
599750
599750
17.5
0
325750
325750
20
0
188750
188750
22.5
0
115000
115000
25
0
49250
49250
27.5
2000
1750
3750
30
7000
0
7000
32.5
16500
0
16500
35
61750
0
61750
37.5
181500
0
181500
40
305250
0
305250
42.5
429000
0
429000
45
555250
0
555250
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.