This page reflects MMYT 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 — MMYT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $50.00 (9.48 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$2.90
±4.9%
Days to Expiry
3
Calendar days
Total Call OI
3,032
Nearest expiry
Total Put OI
1,447
Nearest expiry
P/C OI Ratio
0.48
Put-heavy
Spot Price
$59.48
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
$50.00
6/18/2026, 11:23:29 PM
2026-07-17
$50.00
7/17/2026, 11:24:41 PM
2026-08-21NextUpdated
$50.00
8/18/2026, 11:22:12 PM
2026-09-18
$60.00
8/18/2026, 11:22:12 PM
2026-11-20
$35.00
8/18/2026, 11:22:12 PM
2026-12-18
$45.00
8/18/2026, 11:22:12 PM
2027-02-19
$40.00
8/18/2026, 11:22:12 PM
Selected expiration: 2026-08-21 at max pain $50.00.
MMYT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
3508000
3508000
25
0
2786500
2786500
30
0
2078500
2078500
35
0
1429000
1429000
40
0
900500
900500
45
78000
538000
616000
50
169000
301500
470500
55
290500
195000
485500
60
446000
134000
580000
65
697000
79000
776000
70
1178500
35500
1214000
75
1668000
24500
1692500
80
2162500
13500
2176000
85
3137500
7500
3145000
90
4112500
3000
4115500
95
5288000
0
5288000
100
6471500
0
6471500
105
7655000
0
7655000
110
8838500
0
8838500
115
10023000
0
10023000
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.