This page reflects NNE 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 — NNE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $20.00 (1.75 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$1.23
±6.7%
Days to Expiry
3
Calendar days
Total Call OI
9,568
Nearest expiry
Total Put OI
4,911
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$18.25
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
$17.00
8/7/2026, 11:27:05 PM
2026-08-14
$18.00
8/14/2026, 11:23:05 PM
2026-08-21NextUpdated
$20.00
8/18/2026, 11:23:26 PM
2026-08-28
$18.00
8/18/2026, 11:23:26 PM
2026-09-04
$20.00
8/18/2026, 11:23:26 PM
2026-09-11
$20.50
8/18/2026, 11:23:26 PM
2026-09-18
$19.00
8/18/2026, 11:23:26 PM
2026-09-25
$19.00
8/18/2026, 11:23:26 PM
2026-10-02
$20.00
8/18/2026, 11:23:26 PM
2026-10-16
$23.00
8/18/2026, 11:23:26 PM
2027-01-15
$27.00
8/18/2026, 11:23:26 PM
Selected expiration: 2026-08-21 at max pain $20.00.
NNE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
8602450
8602450
2
2100
8111350
8113450
3
5000
7620650
7625650
5
11200
6639650
6650850
6
14700
6149150
6163850
7
18300
5658750
5677050
8
22100
5168550
5190650
9
26000
4678550
4704550
10
31400
4188750
4220150
10.5
34100
3944050
3978150
11
36800
3699550
3736350
11.5
39500
3461100
3500600
12
42200
3222800
3265000
12.5
44900
2991850
3036750
13
47600
2761800
2809400
13.5
50300
2536100
2586400
14
53050
2311500
2364550
14.5
56350
2105050
2161400
15
60250
1899200
1959450
15.5
77750
1703250
1781000
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.