This page reflects MUR 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 — MUR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $35.00 (0.18 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$1.70
±4.8%
Days to Expiry
3
Calendar days
Total Call OI
3,370
Nearest expiry
Total Put OI
608
Nearest expiry
P/C OI Ratio
0.18
Put-heavy
Spot Price
$35.18
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
$35.00
6/18/2026, 11:27:47 PM
2026-07-17
$35.00
7/17/2026, 11:23:52 PM
2026-08-21NextUpdated
$35.00
8/18/2026, 11:21:57 PM
2026-09-18
$32.50
8/18/2026, 11:21:57 PM
2026-10-16
$32.50
8/18/2026, 11:21:57 PM
2027-01-15
$27.50
8/18/2026, 11:21:57 PM
Selected expiration: 2026-08-21 at max pain $35.00.
MUR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
626500
626500
25
0
474750
474750
27.5
0
325750
325750
30
0
205500
205500
32.5
1250
109250
110500
35
2500
45250
47750
37.5
41500
18500
60000
40
372500
0
372500
42.5
827750
0
827750
45
1584250
0
1584250
47.5
2426000
0
2426000
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.