This page reflects ON 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 — ON
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $90.00 (10.58 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$3.56
±4.5%
Days to Expiry
3
Calendar days
Total Call OI
24,706
Nearest expiry
Total Put OI
26,048
Nearest expiry
P/C OI Ratio
1.05
Put-heavy
Spot Price
$79.42
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
$81.00
8/7/2026, 11:25:02 PM
2026-08-14
$81.00
8/14/2026, 11:30:15 PM
2026-08-21NextUpdated
$90.00
8/18/2026, 11:24:19 PM
2026-08-28
$85.00
8/18/2026, 11:24:19 PM
2026-09-04
$86.00
8/18/2026, 11:24:19 PM
2026-09-11
$81.00
8/18/2026, 11:24:19 PM
2026-09-18
$85.00
8/18/2026, 11:24:19 PM
2026-09-25
$79.00
8/18/2026, 11:24:19 PM
2026-10-02
$73.00
8/18/2026, 11:24:19 PM
2026-10-16
$85.00
8/18/2026, 11:24:19 PM
2026-12-18
$80.00
8/18/2026, 11:24:19 PM
2027-01-15
$70.00
8/18/2026, 11:24:19 PM
2027-02-19
$85.00
8/18/2026, 11:24:19 PM
2027-03-19
$100.00
8/18/2026, 11:24:19 PM
2027-05-21
$120.00
8/18/2026, 11:24:19 PM
2027-06-17
$95.00
8/18/2026, 11:24:19 PM
Selected expiration: 2026-08-21 at max pain $90.00.
ON pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
97801900
97801900
50
15000
84784900
84799900
55
58000
71782900
71840900
60
121500
58931900
59053400
65
204000
46626900
46830900
68
257700
39633900
39891600
70
294300
34978700
35273000
71
319100
32752400
33071500
72
343900
30538700
30882600
73
368800
28334600
28703400
74
393700
26131600
26525300
75
418600
23937200
24355800
76
452400
21907500
22359900
77
489000
19923800
20412800
78
527300
17996300
18523600
79
566800
16099400
16666200
80
607000
14222100
14829100
81
666400
12850000
13516400
82
747200
11500600
12247800
83
871300
10194800
11066100
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.