This page reflects NN 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 — NN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $16.00 (3.17 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$16.00
Nearest expiry
Expected Move
±$1.27
±6.7%
Days to Expiry
3
Calendar days
Total Call OI
62,014
Nearest expiry
Total Put OI
10,380
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$19.17
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
$13.00
8/7/2026, 11:23:53 PM
2026-08-14
$15.00
8/14/2026, 11:27:36 PM
2026-08-21NextUpdated
$16.00
8/18/2026, 11:29:33 PM
2026-08-28
$15.00
8/18/2026, 11:29:33 PM
2026-09-04
$15.00
8/18/2026, 11:29:33 PM
2026-09-11
$20.00
8/18/2026, 11:29:33 PM
2026-09-18
$15.00
8/18/2026, 11:29:33 PM
2026-09-25
$17.00
8/18/2026, 11:29:33 PM
2026-10-16
$19.00
8/18/2026, 11:29:33 PM
2026-12-18
$16.00
8/18/2026, 11:29:33 PM
2027-01-15
$15.00
8/18/2026, 11:29:33 PM
2027-03-19
$7.00
8/18/2026, 11:29:33 PM
Selected expiration: 2026-08-21 at max pain $16.00.
NN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
9806900
9806900
6
0
8784400
8784400
7
900
7771900
7772800
7.5
1350
7265750
7267100
8
1800
6759800
6761600
8.5
2250
6255450
6257700
9
2700
5751250
5753950
9.5
3150
5262900
5266050
10
3600
4774800
4778400
10.5
4150
4291800
4295950
11
4700
3809100
3813800
11.5
8700
3470450
3479150
12
12700
3135750
3148450
12.5
55100
2807350
2862450
13
97500
2479550
2577050
13.5
146500
2170600
2317100
14
196150
1861850
2058000
14.5
262150
1561750
1823900
15
335600
1272650
1608250
15.5
453200
1088750
1541950
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.