This page reflects MEDP 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 — MEDP
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $560.00 (30.30 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$560.00
Nearest expiry
Expected Move
±$15.10
±2.6%
Days to Expiry
3
Calendar days
Total Call OI
1,059
Nearest expiry
Total Put OI
783
Nearest expiry
P/C OI Ratio
0.74
Put-heavy
Spot Price
$590.30
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
$460.00
6/18/2026, 11:22:43 PM
2026-07-17
$460.00
7/17/2026, 11:21:33 PM
2026-08-21NextUpdated
$560.00
8/18/2026, 11:27:11 PM
2026-09-18
$530.00
8/18/2026, 11:27:11 PM
2026-12-18
$570.00
8/18/2026, 11:27:11 PM
2027-01-15
$450.00
8/18/2026, 11:27:11 PM
2027-03-19
$530.00
8/18/2026, 11:27:11 PM
Selected expiration: 2026-08-21 at max pain $560.00.
MEDP pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
340
0
13160000
13160000
350
0
12379000
12379000
370
0
10835000
10835000
380
0
10085000
10085000
390
2000
9427000
9429000
400
6000
8777000
8783000
410
10000
8137000
8147000
420
14000
7500000
7514000
430
18000
6867000
6885000
440
22000
6239000
6261000
450
26000
5618000
5644000
460
30000
5010000
5040000
470
34000
4416000
4450000
480
38000
3837000
3875000
490
46000
3360000
3406000
500
85000
2893000
2978000
510
162000
2440000
2602000
520
245000
1989000
2234000
530
330000
1599000
1929000
540
419000
1252000
1671000
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.