This page reflects NET 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 — NET
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $250.00 (51.36 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$250.00
Nearest expiry
Expected Move
±$12.43
±4.1%
Days to Expiry
3
Calendar days
Total Call OI
28,277
Nearest expiry
Total Put OI
29,342
Nearest expiry
P/C OI Ratio
1.04
Put-heavy
Spot Price
$301.36
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
$280.00
8/7/2026, 11:25:45 PM
2026-08-14
$305.00
8/14/2026, 11:22:40 PM
2026-08-21NextUpdated
$250.00
8/18/2026, 11:23:33 PM
2026-08-28
$285.00
8/18/2026, 11:23:33 PM
2026-09-04
$280.00
8/18/2026, 11:23:33 PM
2026-09-11
$280.00
8/18/2026, 11:23:33 PM
2026-09-18
$240.00
8/18/2026, 11:23:33 PM
2026-09-25
$295.00
8/18/2026, 11:23:33 PM
2026-10-02
$300.00
8/18/2026, 11:23:33 PM
2026-11-20
$270.00
8/18/2026, 11:23:33 PM
2026-12-18
$200.00
8/18/2026, 11:23:33 PM
2027-01-15
$175.00
8/18/2026, 11:23:33 PM
2027-02-19
$260.00
8/18/2026, 11:23:33 PM
2027-03-19
$200.00
8/18/2026, 11:23:33 PM
2027-06-17
$290.00
8/18/2026, 11:23:33 PM
Selected expiration: 2026-08-21 at max pain $250.00.
NET pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
379251500
379251500
90
1500
364587500
364589000
95
3000
349924500
349927500
100
6000
335276500
335282500
105
12000
320750000
320762000
110
19000
306243000
306262000
115
28000
291736000
291764000
120
37500
277285000
277322500
125
51000
263013000
263064000
130
73000
248929500
249002500
135
107500
235236000
235343500
140
143500
221711500
221855000
145
215500
208303500
208519000
150
290500
195153000
195443500
155
605500
182157500
182763000
160
922000
169268500
170190500
165
1258000
156687000
157945000
170
1611000
145565500
147176500
175
1997000
134665000
136662000
180
2418500
124541000
126959500
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.