Nearest listed expiration 2026-08-21 shows max pain at $110.00 (7.70 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$110.00
Nearest expiry
Expected Move
±$5.54
±4.7%
Days to Expiry
4
Calendar days
Total Call OI
150,270
Nearest expiry
Total Put OI
135,231
Nearest expiry
P/C OI Ratio
0.90
Put-heavy
Spot Price
$117.70
Published close
Consensus
5.5/10
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
$106.00
8/7/2026, 11:27:03 PM
2026-08-14
$113.00
8/14/2026, 11:28:27 PM
2026-08-21NextUpdated
$110.00
8/17/2026, 11:27:50 PM
2026-08-28
$110.00
8/17/2026, 11:27:50 PM
2026-09-04
$116.00
8/17/2026, 11:27:50 PM
2026-09-11
$120.00
8/17/2026, 11:27:50 PM
2026-09-18
$112.00
8/17/2026, 11:27:50 PM
2026-09-25
$125.00
8/17/2026, 11:27:50 PM
2026-10-02
$120.00
8/17/2026, 11:27:50 PM
2026-10-16
$115.00
8/17/2026, 11:27:50 PM
2026-11-20
$105.00
8/17/2026, 11:27:50 PM
2026-12-18
$120.00
8/17/2026, 11:27:50 PM
2027-01-15
$120.00
8/17/2026, 11:27:50 PM
2027-02-19
$110.00
8/17/2026, 11:27:50 PM
2027-03-19
$110.00
8/17/2026, 11:27:50 PM
2027-06-17
$110.00
8/17/2026, 11:27:50 PM
Selected expiration: 2026-08-21 at max pain $110.00.
NOW pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
654160500
654160500
50
19500
586615000
586634500
55
51000
519169000
519220000
60
162000
452018500
452180500
65
396000
394352000
394748000
70
649000
338927000
339576000
75
1022500
284629500
285652000
80
1462500
233675000
235137500
84
2162500
195314600
197477100
85
2337500
185730000
188067500
86
2575500
177525500
180101000
87
2814000
169322000
172136000
88
3053100
161123200
164176300
89
3292300
152928200
156220500
90
3531500
144736200
148267700
91
4022900
137424500
141447400
92
4516100
130147700
134663800
93
5012500
122895900
127908400
94
5517300
115723100
121240400
95
6045100
108572700
114617800
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.