This page reflects MOH 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 — MOH
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $200.00 (3.61 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
±$7.22
±3.5%
Days to Expiry
3
Calendar days
Total Call OI
5,522
Nearest expiry
Total Put OI
4,672
Nearest expiry
P/C OI Ratio
0.85
Put-heavy
Spot Price
$203.61
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
$180.00
6/18/2026, 11:26:12 PM
2026-07-17
$210.00
7/17/2026, 11:27:17 PM
2026-08-21NextUpdated
$200.00
8/18/2026, 11:25:25 PM
2026-09-18
$190.00
8/18/2026, 11:25:25 PM
2026-10-16
$195.00
8/18/2026, 11:25:25 PM
2026-12-18
$200.00
8/18/2026, 11:25:25 PM
2027-01-15
$175.00
8/18/2026, 11:25:25 PM
2027-03-19
$200.00
8/18/2026, 11:25:25 PM
Selected expiration: 2026-08-21 at max pain $200.00.
MOH pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
53013000
53013000
70
0
50683000
50683000
75
0
48362000
48362000
85
1000
43725000
43726000
90
1500
41411000
41412500
95
2000
39103000
39105000
100
2500
36802000
36804500
105
3000
34515000
34518000
110
3500
32233500
32237000
115
5500
30017500
30023000
120
13500
27849000
27862500
125
24500
25689000
25713500
130
64500
23613000
23677500
135
110500
21544500
21655000
140
170500
19498000
19668500
145
274500
17509500
17784000
150
397000
15533500
15930500
155
538500
13588500
14127000
160
704000
11740000
12444000
165
920500
9951000
10871500
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.