Nearest listed expiration 2026-08-21 shows max pain at $75.00 (2.77 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$2.05
±2.6%
Days to Expiry
3
Calendar days
Total Call OI
540,760
Nearest expiry
Total Put OI
262,408
Nearest expiry
P/C OI Ratio
0.49
Put-heavy
Spot Price
$77.77
Published close
Consensus
6.5/10
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
$72.00
8/7/2026, 11:27:33 PM
2026-08-14
$74.00
8/14/2026, 11:27:29 PM
2026-08-21NextUpdated
$75.00
8/18/2026, 11:32:30 PM
2026-08-28
$74.00
8/18/2026, 11:32:30 PM
2026-09-04
$75.00
8/18/2026, 11:32:30 PM
2026-09-11
$74.00
8/18/2026, 11:32:30 PM
2026-09-18
$78.00
8/18/2026, 11:32:30 PM
2026-09-25
$75.00
8/18/2026, 11:32:30 PM
2026-10-02
$76.00
8/18/2026, 11:32:30 PM
2026-10-16
$75.00
8/18/2026, 11:32:30 PM
2026-11-20
$80.00
8/18/2026, 11:32:30 PM
2026-12-18
$82.00
8/18/2026, 11:32:30 PM
2027-01-15
$65.00
8/18/2026, 11:32:30 PM
2027-03-19
$80.00
8/18/2026, 11:32:30 PM
2027-06-17
$85.00
8/18/2026, 11:32:30 PM
Selected expiration: 2026-08-21 at max pain $75.00.
NFLX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
1654951800
1654951800
1
8350
1641833250
1641841600
1.5
21050
1628728000
1628749050
2
33800
1616156300
1616190100
2.5
46550
1603584600
1603631150
3
59300
1591749000
1591808300
3.5
72050
1579926400
1579998450
4
84800
1568129750
1568214550
4.5
97550
1556420650
1556518200
5
110300
1544824700
1544935000
7.5
174300
1487355450
1487529750
10
239050
1429887450
1430126500
12.5
310300
1372421450
1372731750
15
381550
1314956450
1315338000
17.5
452800
1257494950
1257947750
20
538050
1200033950
1200572000
22.5
626800
1142699700
1143326500
25
715550
1085370200
1086085750
30
903050
971833700
972736750
35
1111550
863473700
864585250
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.