This page reflects NU 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 — NU
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $14.00 (0.35 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$14.00
Nearest expiry
Expected Move
±$0.46
±3.2%
Days to Expiry
3
Calendar days
Total Call OI
197,017
Nearest expiry
Total Put OI
164,120
Nearest expiry
P/C OI Ratio
0.83
Put-heavy
Spot Price
$14.35
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
$14.00
8/7/2026, 11:26:00 PM
2026-08-14
$14.00
8/14/2026, 11:24:15 PM
2026-08-21NextUpdated
$14.00
8/18/2026, 11:23:27 PM
2026-08-28
$14.50
8/18/2026, 11:23:27 PM
2026-09-04
$14.00
8/18/2026, 11:23:27 PM
2026-09-11
$14.00
8/18/2026, 11:23:27 PM
2026-09-18
$14.00
8/18/2026, 11:23:27 PM
2026-09-25
$14.50
8/18/2026, 11:23:27 PM
2026-10-02
$14.00
8/18/2026, 11:23:27 PM
2026-10-16
$14.00
8/18/2026, 11:23:27 PM
2026-11-20
$14.00
8/18/2026, 11:23:27 PM
2026-12-18
$14.00
8/18/2026, 11:23:27 PM
2027-01-15
$15.00
8/18/2026, 11:23:27 PM
2027-03-19
$13.00
8/18/2026, 11:23:27 PM
2027-06-17
$15.00
8/18/2026, 11:23:27 PM
Selected expiration: 2026-08-21 at max pain $14.00.
NU pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
198961650
198961650
2
8400
182550350
182558750
3
22400
166139450
166161850
4
37000
149729050
149766050
5
52400
133318850
133371250
6
68300
116943950
117012250
7
85900
100582150
100668050
8
104200
84302450
84406650
8.5
114350
76169100
76283450
9
124600
68036000
68160600
9.5
135350
59916000
60051350
10
146200
51805450
51951650
10.5
193150
43920350
44113500
11
240500
36040350
36280850
11.5
350300
28718150
29068450
12
463250
21442850
21906100
12.5
852300
15674300
16526600
13
1249600
10249300
11498900
13.5
4089650
6892500
10982150
14
6986300
3832200
10818500
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.