This page reflects MGM 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 — MGM
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $44.00 (0.68 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$44.00
Nearest expiry
Expected Move
±$1.23
±2.8%
Days to Expiry
3
Calendar days
Total Call OI
10,654
Nearest expiry
Total Put OI
10,156
Nearest expiry
P/C OI Ratio
0.95
Put-heavy
Spot Price
$43.32
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
$44.50
8/7/2026, 11:21:37 PM
2026-08-14
$44.00
8/14/2026, 11:25:53 PM
2026-08-21NextUpdated
$44.00
8/18/2026, 11:25:30 PM
2026-08-28
$44.00
8/18/2026, 11:25:30 PM
2026-09-04
$45.00
8/18/2026, 11:25:30 PM
2026-09-18
$40.00
8/18/2026, 11:25:30 PM
2026-10-16
$44.00
8/18/2026, 11:25:30 PM
2026-12-18
$40.00
8/18/2026, 11:25:30 PM
2027-01-15
$37.00
8/18/2026, 11:25:30 PM
2027-03-19
$37.00
8/18/2026, 11:25:30 PM
2027-06-17
$45.00
8/18/2026, 11:25:30 PM
Selected expiration: 2026-08-21 at max pain $44.00.
MGM pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
12887450
12887450
32
0
10856650
10856650
33
0
9842050
9842050
34
0
8832050
8832050
35
0
7830550
7830550
36
500
6830150
6830650
37
1100
5829750
5830850
38
5900
4831850
4837750
39
11800
3834750
3846550
40
20400
2838350
2858750
40.5
75300
2486000
2561300
41
135600
2134000
2269600
41.5
197400
1784600
1982000
42
264600
1440650
1705250
42.5
352350
1117700
1470050
43
440100
802250
1242350
43.5
530250
531100
1061350
44
631450
268000
899450
44.5
864650
187300
1051950
45
1110650
114550
1225200
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.