Ollie's Bargain Outlet HoldingsClose $76.21EOD only
Max Pain
$65.00
Next expiry Aug 21, 2026
Expected Move
±$3.35
4.4% from close
Price Gap
-11.21
Distance to max pain
IV Rank
37
Middle-high premium
P/C OI
0.71
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects OLLI 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 — OLLI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $65.00 (11.21 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$3.35
±4.4%
Days to Expiry
3
Calendar days
Total Call OI
7,856
Nearest expiry
Total Put OI
2,984
Nearest expiry
P/C OI Ratio
0.38
Put-heavy
Spot Price
$76.21
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
$80.00
6/18/2026, 11:30:18 PM
2026-07-17
$75.00
7/17/2026, 11:30:55 PM
2026-08-21NextUpdated
$65.00
8/18/2026, 11:27:10 PM
2026-09-18
$70.00
8/18/2026, 11:27:10 PM
2026-10-16
$75.00
8/18/2026, 11:27:10 PM
2027-01-15
$80.00
8/18/2026, 11:27:10 PM
2027-03-19
$80.00
8/18/2026, 11:27:10 PM
Selected expiration: 2026-08-21 at max pain $65.00.
OLLI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
5876500
5876500
50
0
4407500
4407500
55
0
2991000
2991000
60
0
2000000
2000000
65
12500
1162500
1175000
70
1744000
617500
2361500
75
3575000
174000
3749000
80
5536500
4500
5541000
85
9223000
1000
9224000
90
13094500
0
13094500
95
16992500
0
16992500
100
20908500
0
20908500
110
28741500
0
28741500
120
36589500
0
36589500
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.