This page reflects MKSI 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 — MKSI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $320.00 (19.76 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$320.00
Nearest expiry
Expected Move
±$16.20
±5.4%
Days to Expiry
3
Calendar days
Total Call OI
4,564
Nearest expiry
Total Put OI
3,642
Nearest expiry
P/C OI Ratio
0.80
Put-heavy
Spot Price
$300.24
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
$310.00
6/18/2026, 11:26:02 PM
2026-07-17
$330.00
7/17/2026, 11:25:21 PM
2026-08-21NextUpdated
$320.00
8/18/2026, 11:27:31 PM
2026-09-18
$300.00
8/18/2026, 11:27:31 PM
2026-10-16
$320.00
8/18/2026, 11:27:31 PM
2026-12-18
$340.00
8/18/2026, 11:27:31 PM
2027-01-15
$200.00
8/18/2026, 11:27:31 PM
2027-02-19
$250.00
8/18/2026, 11:27:31 PM
2027-05-21
$135.00
8/18/2026, 11:27:31 PM
Selected expiration: 2026-08-21 at max pain $320.00.
MKSI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
190
0
33910500
33910500
195
500
32089500
32090000
200
1000
30272000
30273000
210
2000
26647000
26649000
220
4000
23026000
23030000
230
6000
19415000
19421000
240
8000
16327000
16335000
250
11000
13261000
13272000
260
15000
10267000
10282000
270
55000
7639000
7694000
280
145000
5673000
5818000
290
238000
4162000
4400000
300
339000
2802000
3141000
310
488000
1936000
2424000
320
909000
1431000
2340000
330
1440000
1003000
2443000
340
2230000
645000
2875000
350
3210000
398000
3608000
360
4685000
175000
4860000
370
6487000
60000
6547000
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.