This page reflects MOD 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 — MOD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $200.00 (0.66 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$200.00
Nearest expiry
Expected Move
±$10.95
±5.5%
Days to Expiry
3
Calendar days
Total Call OI
16,031
Nearest expiry
Total Put OI
6,326
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$200.66
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
$280.00
6/18/2026, 11:26:55 PM
2026-07-17
$250.00
7/17/2026, 11:23:05 PM
2026-08-21NextUpdated
$200.00
8/18/2026, 11:22:22 PM
2026-09-18
$195.00
8/18/2026, 11:22:22 PM
2026-11-20
$220.00
8/18/2026, 11:22:22 PM
2027-01-15
$210.00
8/18/2026, 11:22:22 PM
2027-02-19
$280.00
8/18/2026, 11:22:22 PM
2027-03-19
$190.00
8/18/2026, 11:22:22 PM
2027-06-17
$200.00
8/18/2026, 11:22:22 PM
Selected expiration: 2026-08-21 at max pain $200.00.
MOD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
70649500
70649500
75
2500
67503000
67505500
80
6000
64356500
64362500
85
10000
61220000
61230000
90
14000
58090000
58104000
95
19000
54961000
54980000
100
24000
51833500
51857500
105
29000
48710000
48739000
110
34500
45587500
45622000
115
40500
42480500
42521000
120
47000
39385500
39432500
125
58500
36295000
36353500
130
70000
33333500
33403500
135
85500
30377500
30463000
140
105500
27565500
27671000
145
127000
24769000
24896000
150
148500
22045500
22194000
155
178000
19370000
19548000
160
209000
16739500
16948500
165
248000
14848000
15096000
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.