This page reflects MIDD 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 — MIDD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $125.00 (11.00 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$125.00
Nearest expiry
Expected Move
±$2.02
±1.8%
Days to Expiry
3
Calendar days
Total Call OI
414
Nearest expiry
Total Put OI
327
Nearest expiry
P/C OI Ratio
0.79
Put-heavy
Spot Price
$114.00
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
$135.00
6/18/2026, 11:22:27 PM
2026-07-17
$170.00
7/17/2026, 11:26:13 PM
2026-08-21NextUpdated
$125.00
8/18/2026, 11:18:13 PM
2026-09-18
$120.00
8/18/2026, 11:18:13 PM
2026-12-18
$125.00
8/18/2026, 11:18:13 PM
2027-03-19
$115.00
8/18/2026, 11:18:13 PM
Selected expiration: 2026-08-21 at max pain $125.00.
MIDD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
659000
659000
110
1000
334000
335000
115
1500
183500
185000
120
2000
64500
66500
125
8000
10000
18000
130
64000
6000
70000
135
122000
4000
126000
140
207000
2000
209000
145
381500
0
381500
150
558500
0
558500
155
736500
0
736500
160
916500
0
916500
165
1097000
0
1097000
170
1278000
0
1278000
195
2185500
0
2185500
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.