Nearest listed expiration 2026-08-19 shows max pain at $485.00 (3.37 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$485.00
Nearest expiry
Expected Move
±$5.37
±1.1%
Days to Expiry
1
Calendar days
Total Call OI
19,892
Nearest expiry
Total Put OI
16,362
Nearest expiry
P/C OI Ratio
0.82
Put-heavy
Spot Price
$481.63
Published close
Consensus
8.0/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-19
Expiration
Max Pain Strike
Last Updated
2026-08-14
$487.50
8/14/2026, 11:27:22 PM
2026-08-17
$495.00
8/17/2026, 11:26:11 PM
2026-08-19NextUpdated
$485.00
8/18/2026, 11:27:29 PM
2026-08-21
$430.00
8/18/2026, 11:27:29 PM
2026-08-24
$497.50
8/18/2026, 11:27:29 PM
2026-08-26
$492.50
8/18/2026, 11:27:29 PM
2026-08-28
$460.00
8/18/2026, 11:27:29 PM
2026-09-04
$460.00
8/18/2026, 11:27:29 PM
2026-09-11
$480.00
8/18/2026, 11:27:29 PM
2026-09-18
$430.00
8/18/2026, 11:27:29 PM
2026-09-25
$470.00
8/18/2026, 11:27:29 PM
2026-10-02
$480.00
8/18/2026, 11:27:29 PM
2026-10-16
$420.00
8/18/2026, 11:27:29 PM
2026-11-20
$420.00
8/18/2026, 11:27:29 PM
2026-12-18
$415.00
8/18/2026, 11:27:29 PM
2027-01-15
$420.00
8/18/2026, 11:27:29 PM
2027-03-19
$420.00
8/18/2026, 11:27:29 PM
2027-06-17
$400.00
8/18/2026, 11:27:29 PM
Selected expiration: 2026-08-19 at max pain $485.00.
MSFT pain by strike for 2026-08-19 expiration
Strike
Call Pain
Put Pain
Total Pain
300
0
281071000
281071000
310
0
264712000
264712000
320
0
248354000
248354000
325
0
240185000
240185000
330
0
232016500
232016500
340
0
215680500
215680500
350
0
199407500
199407500
355
0
191297000
191297000
360
5000
183186500
183191500
370
16000
166965500
166981500
375
22000
158856500
158878500
380
28500
150747500
150776000
385
35000
142644000
142679000
390
42000
134540500
134582500
395
49000
126440000
126489000
400
56000
118340000
118396000
405
63500
110240000
110303500
410
73500
102140000
102213500
415
84000
94046500
94130500
420
94500
85956000
86050500
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.