This page reflects MVIS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 20, 2026 close
Max Pain — MVIS
Data as of market close Aug 20, 2026
Nearest listed expiration 2026-08-21 shows max pain at $2.50 (0.75 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$2.50
Nearest expiry
Expected Move
±$0.45
±25.7%
Days to Expiry
1
Calendar days
Total Call OI
649
Nearest expiry
Total Put OI
277
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$1.75
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
2026-08-07
$0.50
8/7/2026, 11:28:12 PM
2026-08-14
$0.50
8/14/2026, 11:23:38 PM
2026-08-21NextUpdated
$2.50
8/20/2026, 11:25:52 PM
2026-08-28
$1.00
8/20/2026, 11:25:52 PM
2026-09-04
$1.00
8/20/2026, 11:25:52 PM
2026-09-11
$2.00
8/20/2026, 11:25:52 PM
2026-09-18
$1.50
8/20/2026, 11:25:52 PM
2026-10-02
$1.00
8/20/2026, 11:25:52 PM
2026-11-20
$0.50
8/20/2026, 11:25:52 PM
2027-01-15
$1.00
8/20/2026, 11:25:52 PM
2027-02-19
$0.50
8/20/2026, 11:25:52 PM
Selected expiration: 2026-08-21 at max pain $2.50.
MVIS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
71750
71750
1
150
58000
58150
1.5
350
44300
44650
2
3100
30950
34050
2.5
8750
23500
32250
3
20900
16650
37550
3.5
34400
12000
46400
4
49500
9250
58750
4.5
65800
6500
72300
5
84900
3850
88750
5.5
110700
1300
112000
6
138750
1000
139750
6.5
169850
700
170550
7
200950
400
201350
8
265550
0
265550
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.