Monarch Casino & Resort, Inc.Close $123.27EOD only
Max Pain
$115.00
Next expiry Aug 21, 2026
Expected Move
±$2.95
2.4% from close
Price Gap
-8.27
Distance to max pain
IV Rank
8
Low premium
P/C OI
0.08
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects MCRI 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 — MCRI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $115.00 (8.27 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$2.95
±2.4%
Days to Expiry
3
Calendar days
Total Call OI
347
Nearest expiry
Total Put OI
49
Nearest expiry
P/C OI Ratio
0.14
Put-heavy
Spot Price
$123.27
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
$100.00
6/18/2026, 11:18:45 PM
2026-07-17
$110.00
7/17/2026, 11:21:24 PM
2026-08-21NextUpdated
$115.00
8/18/2026, 11:26:59 PM
2026-09-18
$110.00
8/18/2026, 11:26:59 PM
2026-12-18
$110.00
8/18/2026, 11:26:59 PM
2027-03-19
$120.00
8/18/2026, 11:26:59 PM
Selected expiration: 2026-08-21 at max pain $115.00.
MCRI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
147500
147500
95
1500
74000
75500
100
2500
50000
52500
105
4000
34000
38000
110
6000
18000
24000
115
9000
8000
17000
120
13500
3500
17000
125
18500
1000
19500
130
26000
0
26000
135
187000
0
187000
140
353500
0
353500
145
525000
0
525000
150
697500
0
697500
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.