This page reflects OC 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 — OC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $140.00 (10.61 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$3.28
±2.2%
Days to Expiry
3
Calendar days
Total Call OI
2,538
Nearest expiry
Total Put OI
1,559
Nearest expiry
P/C OI Ratio
0.61
Put-heavy
Spot Price
$150.61
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
$120.00
6/18/2026, 11:25:49 PM
2026-07-17
$125.00
7/17/2026, 11:24:02 PM
2026-08-21NextUpdated
$140.00
8/18/2026, 11:24:30 PM
2026-09-18
$145.00
8/18/2026, 11:24:30 PM
2026-10-16
$155.00
8/18/2026, 11:24:30 PM
2026-11-20
$135.00
8/18/2026, 11:24:30 PM
2026-12-18
$125.00
8/18/2026, 11:24:30 PM
2027-02-19
$155.00
8/18/2026, 11:24:30 PM
Selected expiration: 2026-08-21 at max pain $140.00.
OC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
11037000
11037000
55
0
10215000
10215000
60
0
9394000
9394000
65
0
8576500
8576500
70
0
7759000
7759000
75
0
6942500
6942500
80
0
6127500
6127500
85
0
5312500
5312500
90
0
4508500
4508500
95
0
3837000
3837000
100
1000
3196000
3197000
105
2000
2666000
2668000
110
3000
2169500
2172500
115
10000
1821500
1831500
120
31500
1481500
1513000
125
62500
1174000
1236500
130
101500
886000
987500
135
162000
618000
780000
140
262000
377000
639000
145
425500
210500
636000
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.