This page reflects MO 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 — MO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $67.00 (1.81 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$67.00
Nearest expiry
Expected Move
±$1.25
±1.9%
Days to Expiry
3
Calendar days
Total Call OI
33,352
Nearest expiry
Total Put OI
15,603
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$65.19
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
$68.00
8/7/2026, 11:21:45 PM
2026-08-14
$66.00
8/14/2026, 11:23:41 PM
2026-08-21NextUpdated
$67.00
8/18/2026, 11:21:47 PM
2026-08-28
$66.00
8/18/2026, 11:21:47 PM
2026-09-04
$68.00
8/18/2026, 11:21:47 PM
2026-09-11
$72.00
8/18/2026, 11:21:47 PM
2026-09-18
$67.50
8/18/2026, 11:21:47 PM
2026-09-25
$67.00
8/18/2026, 11:21:47 PM
2026-10-02
$65.00
8/18/2026, 11:21:47 PM
2026-12-18
$62.50
8/18/2026, 11:21:47 PM
2027-01-15
$62.50
8/18/2026, 11:21:47 PM
2027-03-19
$67.50
8/18/2026, 11:21:47 PM
2027-06-17
$67.50
8/18/2026, 11:21:47 PM
Selected expiration: 2026-08-21 at max pain $67.00.
MO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
39330800
39330800
45
4500
31529300
31533800
47.5
8000
27628550
27636550
50
12000
23728050
23740050
53
24900
19056150
19081050
55
33700
15941550
15975250
56
46100
14393550
14439650
57
58700
12845550
12904250
58
71400
11297550
11368950
59
84300
9749950
9834250
60
97300
8202450
8299750
61
111100
6691750
6802850
62
140100
5183750
5323850
62.5
154950
4443600
4598550
63
169800
3746750
3916550
64
205600
2438450
2644050
65
276900
1638050
1914950
66
478300
1189050
1667350
67
766000
794750
1560750
67.5
973000
648350
1621350
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.