This page reflects ODD 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 — ODD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $15.00 (2.70 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$0.80
±6.5%
Days to Expiry
3
Calendar days
Total Call OI
2,518
Nearest expiry
Total Put OI
3,752
Nearest expiry
P/C OI Ratio
1.49
Put-heavy
Spot Price
$12.30
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
$13.00
8/7/2026, 11:26:29 PM
2026-08-14
$12.00
8/14/2026, 11:22:27 PM
2026-08-21NextUpdated
$15.00
8/18/2026, 11:24:11 PM
2026-08-28
$13.00
8/18/2026, 11:24:11 PM
2026-09-04
$15.00
8/18/2026, 11:24:11 PM
2026-09-11
$13.00
8/18/2026, 11:24:11 PM
2026-09-18
$17.50
8/18/2026, 11:24:11 PM
2026-10-16
$12.50
8/18/2026, 11:24:11 PM
2027-01-15
$15.00
8/18/2026, 11:24:11 PM
Selected expiration: 2026-08-21 at max pain $15.00.
ODD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
2964050
2964050
5
33750
2026050
2059800
7
61350
1347450
1408800
7.5
68450
1177800
1246250
8
75550
1012200
1087750
10
105150
349800
454950
11
127450
271500
398950
12
150050
199100
349150
12.5
161350
165450
326800
13
172950
134550
307500
13.5
184900
104300
289200
14
201150
74100
275250
14.5
217500
54600
272100
15
234000
35100
269100
16
366500
22500
389000
17
507000
10100
517100
17.5
577300
4100
581400
18
676950
3300
680250
19
880650
2000
882650
20
1084550
1000
1085550
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.