This page reflects OLED 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 — OLED
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $85.00 (0.55 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$2.75
±3.3%
Days to Expiry
3
Calendar days
Total Call OI
2,642
Nearest expiry
Total Put OI
2,071
Nearest expiry
P/C OI Ratio
0.78
Put-heavy
Spot Price
$84.45
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
$90.00
6/18/2026, 11:25:42 PM
2026-07-17
$85.00
7/17/2026, 11:27:35 PM
2026-08-21NextUpdated
$85.00
8/18/2026, 11:24:55 PM
2026-09-18
$90.00
8/18/2026, 11:24:55 PM
2026-11-20
$95.00
8/18/2026, 11:24:55 PM
2026-12-18
$90.00
8/18/2026, 11:24:55 PM
2027-03-19
$100.00
8/18/2026, 11:24:55 PM
Selected expiration: 2026-08-21 at max pain $85.00.
OLED pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
5788500
5788500
50
500
4753000
4753500
60
1500
2692000
2693500
65
6500
1671500
1678000
70
11500
916000
927500
75
21500
361000
382500
80
32000
116500
148500
85
98000
43500
141500
90
227000
10500
237500
95
1275500
0
1275500
100
2537500
0
2537500
105
3840000
0
3840000
110
5146000
0
5146000
115
6465000
0
6465000
120
7784500
0
7784500
125
9105000
0
9105000
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.