Nearest listed expiration 2026-08-19 shows max pain at $935.00 (76.75 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$935.00
Nearest expiry
Expected Move
±$40.40
±4.0%
Days to Expiry
2
Calendar days
Total Call OI
14,027
Nearest expiry
Total Put OI
9,507
Nearest expiry
P/C OI Ratio
0.68
Put-heavy
Spot Price
$1011.75
Published close
Consensus
7.0/10
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
$880.00
8/13/2026, 11:35:56 PM
2026-08-17Updated
$925.00
8/17/2026, 11:47:38 PM
2026-08-19Next
$935.00
8/17/2026, 11:47:38 PM
2026-08-21
$900.00
8/17/2026, 11:47:38 PM
2026-08-24
$920.00
8/17/2026, 11:47:38 PM
2026-08-26
$905.00
8/17/2026, 11:47:38 PM
2026-08-28
$905.00
8/17/2026, 11:47:38 PM
2026-09-04
$900.00
8/17/2026, 11:47:38 PM
2026-09-11
$885.00
8/17/2026, 11:47:38 PM
2026-09-18
$750.00
8/17/2026, 11:47:38 PM
2026-09-25
$940.00
8/17/2026, 11:47:38 PM
2026-10-02
$915.00
8/17/2026, 11:47:38 PM
2026-10-16
$840.00
8/17/2026, 11:47:38 PM
2026-11-20
$750.00
8/17/2026, 11:47:38 PM
2026-12-18
$580.00
8/17/2026, 11:47:38 PM
2027-01-15
$500.00
8/17/2026, 11:47:38 PM
2027-02-19
$870.00
8/17/2026, 11:47:38 PM
2027-03-19
$740.00
8/17/2026, 11:47:38 PM
2027-06-17
$600.00
8/17/2026, 11:47:38 PM
Selected expiration: 2026-08-19 at max pain $935.00.
MU pain by strike for 2026-08-19 expiration
Strike
Call Pain
Put Pain
Total Pain
400
0
406503500
406503500
405
500
401756500
401757000
440
4000
368566000
368570000
465
6500
344873500
344880000
500
10000
311707500
311717500
535
13500
278580000
278593500
560
16000
254942500
254958500
570
17000
245488500
245505500
580
18000
236052500
236070500
585
18500
231340000
231358500
590
19000
226673500
226692500
595
19500
222016000
222035500
600
20000
217382000
217402000
605
20500
212775500
212796000
610
21000
208185000
208206000
615
22500
203645500
203668000
620
24000
199119000
199143000
622.5
24750
196862750
196887500
625
25500
194609500
194635000
627.5
26250
192361750
192388000
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.