This page reflects MBX 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 — MBX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $60.00 (6.52 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$4.75
±7.1%
Days to Expiry
3
Calendar days
Total Call OI
191
Nearest expiry
Total Put OI
425
Nearest expiry
P/C OI Ratio
2.23
Put-heavy
Spot Price
$66.52
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
$35.00
6/18/2026, 11:22:58 PM
2026-07-17
$35.00
7/17/2026, 11:26:45 PM
2026-08-21NextUpdated
$60.00
8/18/2026, 11:20:42 PM
2026-09-18
$60.00
8/18/2026, 11:20:42 PM
2026-10-16
$50.00
8/18/2026, 11:20:42 PM
2026-12-18
$20.00
8/18/2026, 11:20:42 PM
2027-01-15
$25.00
8/18/2026, 11:20:42 PM
Selected expiration: 2026-08-21 at max pain $60.00.
MBX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
1128500
1128500
35
1500
916000
917500
40
3000
704000
707000
45
13500
492000
505500
50
26500
285000
311500
55
48000
139000
187000
60
88500
42500
131000
65
143500
2500
146000
70
209500
0
209500
75
285500
0
285500
80
368000
0
368000
85
455000
0
455000
90
549000
0
549000
95
644000
0
644000
100
739500
0
739500
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.