This page reflects OMCL 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 — OMCL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $40.00 (4.03 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$40.00
Nearest expiry
Expected Move
±$2.55
±7.1%
Days to Expiry
3
Calendar days
Total Call OI
296
Nearest expiry
Total Put OI
204
Nearest expiry
P/C OI Ratio
0.69
Put-heavy
Spot Price
$35.97
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
$40.00
6/18/2026, 11:23:49 PM
2026-07-17
$40.00
7/17/2026, 11:30:34 PM
2026-08-21NextUpdated
$40.00
8/18/2026, 11:24:39 PM
2026-09-18
$40.00
8/18/2026, 11:24:39 PM
2026-11-20
$35.00
8/18/2026, 11:24:39 PM
2026-12-18
$35.00
8/18/2026, 11:24:39 PM
2027-02-19
$35.00
8/18/2026, 11:24:39 PM
Selected expiration: 2026-08-21 at max pain $40.00.
OMCL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
17.5
0
256500
256500
20
0
205750
205750
22.5
0
157500
157500
25
0
131000
131000
30
0
84000
84000
35
2500
37500
40000
40
15000
17000
32000
45
46500
12500
59000
50
103000
8000
111000
55
233500
4000
237500
60
376500
0
376500
65
519500
0
519500
75
806500
0
806500
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.