This page reflects NAVN 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 — NAVN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $25.00 (4.20 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$2.42
±8.3%
Days to Expiry
3
Calendar days
Total Call OI
4,042
Nearest expiry
Total Put OI
2,630
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$29.20
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
$20.00
6/18/2026, 11:22:08 PM
2026-07-17
$15.00
7/17/2026, 11:28:01 PM
2026-08-21NextUpdated
$25.00
8/18/2026, 11:22:10 PM
2026-09-18
$25.00
8/18/2026, 11:22:10 PM
2026-10-16
$17.50
8/18/2026, 11:22:10 PM
2027-01-15
$20.00
8/18/2026, 11:22:10 PM
Selected expiration: 2026-08-21 at max pain $25.00.
NAVN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
5295500
5295500
5
0
4638250
4638250
7.5
0
3982000
3982000
10
0
3326750
3326750
12.5
0
2673000
2673000
15
0
2069750
2069750
17.5
500
1478750
1479250
20
1750
926250
928000
22.5
16750
511500
528250
25
59750
129500
189250
30
587250
1000
588250
35
2035750
500
2036250
40
3902750
0
3902750
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.