This page reflects MOS 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 — MOS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $22.00 (0.86 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.00
Nearest expiry
Expected Move
±$0.72
±3.4%
Days to Expiry
3
Calendar days
Total Call OI
23,459
Nearest expiry
Total Put OI
13,421
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$21.14
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
$22.00
8/7/2026, 11:24:30 PM
2026-08-14
$22.50
8/14/2026, 11:26:28 PM
2026-08-21NextUpdated
$22.00
8/18/2026, 11:21:07 PM
2026-08-28
$22.50
8/18/2026, 11:21:07 PM
2026-09-04
$23.00
8/18/2026, 11:21:07 PM
2026-09-11
$23.00
8/18/2026, 11:21:07 PM
2026-09-18
$25.00
8/18/2026, 11:21:07 PM
2026-09-25
$23.00
8/18/2026, 11:21:07 PM
2026-10-02
$21.00
8/18/2026, 11:21:07 PM
2026-12-18
$25.00
8/18/2026, 11:21:07 PM
2027-01-15
$27.50
8/18/2026, 11:21:07 PM
2027-03-19
$24.00
8/18/2026, 11:21:07 PM
2027-06-17
$22.00
8/18/2026, 11:21:07 PM
Selected expiration: 2026-08-21 at max pain $22.00.
MOS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
10834050
10834050
14
0
9492050
9492050
15
2000
8150050
8152050
16
4300
6808250
6812550
17
6600
5468750
5475350
17.5
7750
4802600
4810350
18
8900
4136500
4145400
18.5
10400
3483050
3493450
19
11900
2833400
2845300
19.5
14450
2274350
2288800
20
17000
1718450
1735450
20.5
23100
1235800
1258900
21
29200
780800
810000
21.5
63750
431200
494950
22
118950
165100
284050
22.5
311600
81550
393150
23
553450
22050
575500
23.5
912900
6600
919500
24
1333750
300
1334050
24.5
1809300
150
1809450
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.