This page reflects NWPX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — NWPX
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $115.00 (3.52 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$5.00
±4.5%
Days to Expiry
2
Calendar days
Total Call OI
166
Nearest expiry
Total Put OI
94
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$111.48
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
$70.00
6/18/2026, 11:24:58 PM
2026-07-17
$80.00
7/17/2026, 11:25:26 PM
2026-08-21NextUpdated
$115.00
8/19/2026, 11:27:36 PM
2026-09-18
$85.00
8/19/2026, 11:27:36 PM
2026-12-18
$100.00
8/19/2026, 11:27:36 PM
2027-03-19
$85.00
8/19/2026, 11:27:36 PM
Selected expiration: 2026-08-21 at max pain $115.00.
NWPX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
95
0
197000
197000
100
0
151000
151000
105
0
105500
105500
110
0
64500
64500
115
19000
31500
50500
120
49000
11500
60500
125
80000
4500
84500
130
121500
500
122000
135
175500
0
175500
140
233000
0
233000
145
292500
0
292500
150
356500
0
356500
155
430000
0
430000
160
508000
0
508000
165
588000
0
588000
170
669500
0
669500
175
751500
0
751500
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.