This page reflects MDT 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 — MDT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $82.50 (9.59 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$82.50
Nearest expiry
Expected Move
±$1.71
±1.9%
Days to Expiry
3
Calendar days
Total Call OI
32,578
Nearest expiry
Total Put OI
18,497
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$92.09
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
$85.00
8/7/2026, 11:22:33 PM
2026-08-14
$84.00
8/14/2026, 11:23:54 PM
2026-08-21NextUpdated
$82.50
8/18/2026, 11:21:56 PM
2026-08-28
$88.00
8/18/2026, 11:21:56 PM
2026-09-04
$87.00
8/18/2026, 11:21:56 PM
2026-09-11
$88.00
8/18/2026, 11:21:56 PM
2026-09-18
$80.00
8/18/2026, 11:21:56 PM
2026-09-25
$86.00
8/18/2026, 11:21:56 PM
2026-10-02
$85.00
8/18/2026, 11:21:56 PM
2026-10-16
$85.00
8/18/2026, 11:21:56 PM
2026-11-20
$82.50
8/18/2026, 11:21:56 PM
2026-12-18
$80.00
8/18/2026, 11:21:56 PM
2027-01-15
$87.50
8/18/2026, 11:21:56 PM
2027-02-19
$90.00
8/18/2026, 11:21:56 PM
2027-03-19
$82.50
8/18/2026, 11:21:56 PM
2027-06-17
$85.00
8/18/2026, 11:21:56 PM
Selected expiration: 2026-08-21 at max pain $82.50.
MDT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
52834900
52834900
55
1000
43591400
43592400
60
2000
34359900
34361900
65
5500
25425900
25431400
67.5
20000
21131650
21151650
70
36500
16891400
16927900
72
68300
13780800
13849100
72.5
76250
13004950
13081200
73
101800
12319700
12421500
74
152900
10950700
11103600
75
204000
9587500
9791500
76
282800
8430600
8713400
77
361600
7276300
7637900
77.5
401000
6701100
7102100
78
475450
6181700
6657150
79
625350
5186200
5811550
80
776050
4201000
4977050
81
1142850
3370500
4513350
82
1513950
2585000
4098950
82.5
1720800
2199550
3920350
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.