This page reflects MRSH 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 — MRSH
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $185.00 (1.37 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$185.00
Nearest expiry
Expected Move
±$3.93
±2.1%
Days to Expiry
3
Calendar days
Total Call OI
2,244
Nearest expiry
Total Put OI
1,955
Nearest expiry
P/C OI Ratio
0.87
Put-heavy
Spot Price
$186.37
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
$165.00
6/18/2026, 11:21:00 PM
2026-07-17
$170.00
7/17/2026, 11:23:22 PM
2026-08-21NextUpdated
$185.00
8/18/2026, 11:27:07 PM
2026-09-18
$190.00
8/18/2026, 11:27:07 PM
2026-10-16
$180.00
8/18/2026, 11:27:07 PM
2027-01-15
$175.00
8/18/2026, 11:27:07 PM
2027-03-19
$170.00
8/18/2026, 11:27:07 PM
Selected expiration: 2026-08-21 at max pain $185.00.
MRSH pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
110
0
13529500
13529500
120
0
11575500
11575500
125
0
10599000
10599000
135
0
8671000
8671000
140
0
7707000
7707000
145
0
6746500
6746500
150
0
5787500
5787500
155
0
4841500
4841500
160
0
3901000
3901000
165
0
3064000
3064000
170
2500
2246000
2248500
175
12500
1543000
1555500
180
113000
949000
1062000
185
515500
415000
930500
190
1056000
173500
1229500
195
1857500
0
1857500
200
2700500
0
2700500
210
4738500
0
4738500
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.