This page reflects O 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 — O
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $62.50 (0.29 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$62.50
Nearest expiry
Expected Move
±$0.85
±1.4%
Days to Expiry
3
Calendar days
Total Call OI
15,712
Nearest expiry
Total Put OI
14,216
Nearest expiry
P/C OI Ratio
0.90
Put-heavy
Spot Price
$62.21
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
$60.00
6/18/2026, 11:25:31 PM
2026-07-17
$60.00
7/17/2026, 11:28:47 PM
2026-08-21NextUpdated
$62.50
8/18/2026, 11:31:05 PM
2026-09-18
$62.50
8/18/2026, 11:31:05 PM
2026-12-18
$60.00
8/18/2026, 11:31:05 PM
2027-01-15
$60.00
8/18/2026, 11:31:05 PM
2027-03-19
$60.00
8/18/2026, 11:31:05 PM
2027-06-17
$60.00
8/18/2026, 11:31:05 PM
Selected expiration: 2026-08-21 at max pain $62.50.
O pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
36791000
36791000
40
2500
29688000
29690500
42.5
4750
26139500
26144250
45
7250
22593250
22600500
47.5
10000
19051750
19061750
50
13250
15512000
15525250
52.5
17000
12056250
12073250
55
20750
8605500
8626250
57.5
25000
5363750
5388750
60
43750
2374750
2418500
62.5
193750
201750
395500
65
1074000
0
1074000
67.5
3355250
0
3355250
70
6992000
0
6992000
75
14611500
0
14611500
80
22455500
0
22455500
85
30301000
0
30301000
90
38152500
0
38152500
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.