This page reflects MP 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 — MP
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $51.00 (5.67 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$51.00
Nearest expiry
Expected Move
±$3.04
±5.4%
Days to Expiry
3
Calendar days
Total Call OI
24,797
Nearest expiry
Total Put OI
19,600
Nearest expiry
P/C OI Ratio
0.79
Put-heavy
Spot Price
$56.67
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
$45.00
8/7/2026, 11:21:24 PM
2026-08-14
$50.00
8/14/2026, 11:26:15 PM
2026-08-21NextUpdated
$51.00
8/18/2026, 11:23:42 PM
2026-08-28
$53.00
8/18/2026, 11:23:42 PM
2026-09-04
$52.00
8/18/2026, 11:23:42 PM
2026-09-11
$52.00
8/18/2026, 11:23:42 PM
2026-09-18
$55.00
8/18/2026, 11:23:42 PM
2026-09-25
$49.00
8/18/2026, 11:23:42 PM
2026-10-02
$60.00
8/18/2026, 11:23:42 PM
2026-12-18
$50.00
8/18/2026, 11:23:42 PM
2027-01-15
$50.00
8/18/2026, 11:23:42 PM
2027-03-19
$60.00
8/18/2026, 11:23:42 PM
2027-06-17
$55.00
8/18/2026, 11:23:42 PM
Selected expiration: 2026-08-21 at max pain $51.00.
MP pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
31477200
31477200
31
5400
29550300
29555700
35
27000
21847500
21874500
36
36400
20085300
20121700
37
46200
18338400
18384600
38
56400
16602100
16658500
39
68300
14874300
14942600
39.5
76200
14125600
14201800
40
85750
13380750
13466500
40.5
98200
12684950
12783150
41
111800
11993400
12105200
41.5
126500
11303750
11430250
42
141950
10616250
10758200
42.5
158050
9934900
10092950
43
176250
9269050
9445300
43.5
195150
8608200
8803350
44
218400
7949750
8168150
44.5
245000
7293300
7538300
45
272900
6639200
6912100
45.5
352050
6171550
6523600
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.