This page reflects MET 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 — MET
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $90.00 (6.73 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$1.55
±1.6%
Days to Expiry
3
Calendar days
Total Call OI
5,135
Nearest expiry
Total Put OI
3,622
Nearest expiry
P/C OI Ratio
0.71
Put-heavy
Spot Price
$96.73
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
$80.00
6/18/2026, 11:19:33 PM
2026-07-17
$85.00
7/17/2026, 11:25:58 PM
2026-08-21NextUpdated
$90.00
8/18/2026, 11:27:08 PM
2026-09-18
$85.00
8/18/2026, 11:27:08 PM
2026-10-16
$95.00
8/18/2026, 11:27:08 PM
2026-11-20
$92.50
8/18/2026, 11:27:08 PM
2026-12-18
$85.00
8/18/2026, 11:27:08 PM
2027-01-15
$80.00
8/18/2026, 11:27:08 PM
2027-03-19
$90.00
8/18/2026, 11:27:08 PM
2027-06-17
$90.00
8/18/2026, 11:27:08 PM
Selected expiration: 2026-08-21 at max pain $90.00.
MET pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
8410000
8410000
65
0
6635500
6635500
70
0
4926000
4926000
72.5
0
4172750
4172750
75
250
3427000
3427250
77.5
500
2706750
2707250
80
1000
2136000
2137000
82.5
2000
1574750
1576750
85
4000
1131750
1135750
87.5
7250
826000
833250
90
117750
539750
657500
92.5
483500
279750
763250
95
956000
136250
1092250
97.5
1618250
48750
1667000
100
2400000
0
2400000
105
4483000
0
4483000
110
7039000
0
7039000
115
9598500
0
9598500
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.