This page reflects MUSA 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 — MUSA
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $550.00 (24.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$550.00
Nearest expiry
Expected Move
±$15.42
±2.7%
Days to Expiry
3
Calendar days
Total Call OI
529
Nearest expiry
Total Put OI
185
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$574.12
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
$580.00
6/18/2026, 11:23:03 PM
2026-07-17
$460.00
7/17/2026, 11:28:13 PM
2026-08-21NextUpdated
$550.00
8/18/2026, 11:26:42 PM
2026-09-18
$540.00
8/18/2026, 11:26:42 PM
2026-10-16
$510.00
8/18/2026, 11:26:42 PM
2026-12-18
$500.00
8/18/2026, 11:26:42 PM
2027-01-15
$590.00
8/18/2026, 11:26:42 PM
Selected expiration: 2026-08-21 at max pain $550.00.
MUSA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
390
0
2450000
2450000
400
0
2268000
2268000
410
2000
2087000
2089000
420
6000
1907000
1913000
430
12000
1728000
1740000
440
18000
1550000
1568000
450
24000
1383000
1407000
460
32000
1217000
1249000
480
50000
885000
935000
490
59000
724000
783000
500
68000
564000
632000
510
77000
452000
529000
520
90000
340000
430000
530
118000
232000
350000
540
147000
128000
275000
550
184000
28000
212000
560
223000
20000
243000
570
263000
13000
276000
580
304000
7000
311000
590
346000
4000
350000
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.