Nearest listed expiration 2026-08-21 shows max pain at $200.00 (16.00 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
±$12.55
±5.8%
Days to Expiry
3
Calendar days
Total Call OI
193,145
Nearest expiry
Total Put OI
133,052
Nearest expiry
P/C OI Ratio
0.69
Put-heavy
Spot Price
$216.00
Published close
Consensus
6.5/10
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
$195.00
8/7/2026, 11:24:13 PM
2026-08-14
$210.00
8/14/2026, 11:24:51 PM
2026-08-21NextUpdated
$200.00
8/18/2026, 11:23:11 PM
2026-08-28
$217.50
8/18/2026, 11:23:11 PM
2026-09-04
$210.00
8/18/2026, 11:23:11 PM
2026-09-11
$225.00
8/18/2026, 11:23:11 PM
2026-09-18
$185.00
8/18/2026, 11:23:11 PM
2026-09-25
$220.00
8/18/2026, 11:23:11 PM
2026-10-02
$220.00
8/18/2026, 11:23:11 PM
2026-10-16
$240.00
8/18/2026, 11:23:11 PM
2026-11-20
$190.00
8/18/2026, 11:23:11 PM
2026-12-18
$180.00
8/18/2026, 11:23:11 PM
2027-01-15
$150.00
8/18/2026, 11:23:11 PM
2027-02-19
$250.00
8/18/2026, 11:23:11 PM
2027-03-19
$200.00
8/18/2026, 11:23:11 PM
2027-06-17
$170.00
8/18/2026, 11:23:11 PM
Selected expiration: 2026-08-21 at max pain $200.00.
MRVL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
1625883750
1625883750
45
15000
1559428750
1559443750
50
34000
1493102750
1493136750
55
72500
1427085750
1427158250
60
111000
1361823750
1361934750
65
472000
1298419250
1298891250
70
854000
1236763250
1237617250
75
1266000
1175627750
1176893750
80
1727000
1115410750
1117137750
85
2519500
1056082750
1058602250
90
3409500
997527750
1000937250
95
4431000
939949750
944380750
100
5565000
882495250
888060250
105
7069500
827063250
834132750
110
8735000
771995750
780730750
115
10565000
717545750
728110750
120
12560000
663623750
676183750
125
14749500
614333750
629083250
130
17578500
566544750
584123250
135
20849500
519425750
540275250
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.