Madison Square Garden Sports CoClose $401.24EOD only
Max Pain
$380.00
Next expiry Aug 21, 2026
Expected Move
±$8.22
2.0% from close
Price Gap
-21.24
Distance to max pain
IV Rank
11
Low premium
P/C OI
0.81
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects MSGS 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 — MSGS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $380.00 (21.24 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$380.00
Nearest expiry
Expected Move
±$8.22
±2.0%
Days to Expiry
3
Calendar days
Total Call OI
6,591
Nearest expiry
Total Put OI
1,938
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$401.24
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
$370.00
6/18/2026, 11:24:18 PM
2026-07-17
$380.00
7/17/2026, 11:27:45 PM
2026-08-21NextUpdated
$380.00
8/18/2026, 11:22:18 PM
2026-09-18
$390.00
8/18/2026, 11:22:18 PM
2026-11-20
$370.00
8/18/2026, 11:22:18 PM
2027-02-19
$390.00
8/18/2026, 11:22:18 PM
Selected expiration: 2026-08-21 at max pain $380.00.
MSGS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
145
0
41424500
41424500
150
1000
40455500
40456500
155
4000
39489000
39493000
160
7500
38527500
38535000
165
11500
37566000
37577500
170
16500
36604500
36621000
175
22000
35644500
35666500
180
28000
34686000
34714000
185
34000
33727500
33761500
190
40500
32772000
32812500
195
47500
31816500
31864000
200
55000
30861000
30916000
210
74000
28953000
29027000
220
98000
27067000
27165000
230
122000
25199000
25321000
240
150000
23342000
23492000
250
179000
21494000
21673000
260
213000
19673000
19886000
270
255000
17852000
18107000
280
300000
16031000
16331000
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.