This page reflects MTCH 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 — MTCH
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $37.50 (1.19 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$37.50
Nearest expiry
Expected Move
±$1.93
±5.0%
Days to Expiry
3
Calendar days
Total Call OI
11,288
Nearest expiry
Total Put OI
3,436
Nearest expiry
P/C OI Ratio
0.30
Put-heavy
Spot Price
$38.69
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
$32.50
6/18/2026, 11:23:44 PM
2026-07-17
$35.00
7/17/2026, 11:27:58 PM
2026-08-21NextUpdated
$37.50
8/18/2026, 11:24:17 PM
2026-09-18
$35.00
8/18/2026, 11:24:17 PM
2026-12-18
$37.50
8/18/2026, 11:24:17 PM
2027-01-15
$32.50
8/18/2026, 11:24:17 PM
2027-03-19
$40.00
8/18/2026, 11:24:17 PM
Selected expiration: 2026-08-21 at max pain $37.50.
MTCH pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
5215750
5215750
22.5
0
4360500
4360500
25
0
3505500
3505500
27.5
0
2653250
2653250
30
0
1808000
1808000
32.5
11250
973000
984250
35
31750
220500
252250
37.5
91750
44750
136500
40
465750
250
466000
42.5
1394000
0
1394000
45
3468000
0
3468000
47.5
6102250
0
6102250
50
8901500
0
8901500
55
14540000
0
14540000
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.