This page reflects NPO 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 — NPO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $330.00 (0.57 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$330.00
Nearest expiry
Expected Move
±$4.90
±1.5%
Days to Expiry
3
Calendar days
Total Call OI
101
Nearest expiry
Total Put OI
205
Nearest expiry
P/C OI Ratio
2.03
Put-heavy
Spot Price
$329.43
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
2026-06-18
$290.00
6/18/2026, 11:29:07 PM
2026-07-17
$350.00
7/17/2026, 11:28:51 PM
2026-08-21NextUpdated
$330.00
8/18/2026, 11:25:29 PM
2026-09-18
$290.00
8/18/2026, 11:25:29 PM
2026-12-18
$260.00
8/18/2026, 11:25:29 PM
Selected expiration: 2026-08-21 at max pain $330.00.
NPO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
220
0
2128000
2128000
240
2000
1718000
1720000
260
6000
1308000
1314000
280
10000
900000
910000
290
12000
699000
711000
300
16000
502000
518000
310
20000
315000
335000
320
24000
134000
158000
330
31000
6000
37000
340
38000
2000
40000
350
51000
0
51000
360
81000
0
81000
370
168000
0
168000
390
344000
0
344000
400
434000
0
434000
410
526000
0
526000
420
619000
0
619000
430
713000
0
713000
450
905000
0
905000
470
1099000
0
1099000
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.