This page reflects ONON 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 — ONON
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $31.00 (0.03 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$31.00
Nearest expiry
Expected Move
±$0.97
±3.1%
Days to Expiry
3
Calendar days
Total Call OI
29,815
Nearest expiry
Total Put OI
6,650
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$31.03
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
$37.00
8/7/2026, 11:27:35 PM
2026-08-14
$35.50
8/14/2026, 11:24:40 PM
2026-08-21NextUpdated
$31.00
8/18/2026, 11:25:35 PM
2026-08-28
$33.00
8/18/2026, 11:25:35 PM
2026-09-04
$32.00
8/18/2026, 11:25:35 PM
2026-09-11
$31.00
8/18/2026, 11:25:35 PM
2026-09-18
$35.00
8/18/2026, 11:25:35 PM
2026-09-25
$33.00
8/18/2026, 11:25:35 PM
2026-10-02
$33.00
8/18/2026, 11:25:35 PM
2026-10-16
$35.00
8/18/2026, 11:25:35 PM
2026-12-18
$37.50
8/18/2026, 11:25:35 PM
2027-01-15
$40.00
8/18/2026, 11:25:35 PM
2027-03-19
$37.50
8/18/2026, 11:25:35 PM
2027-06-17
$35.00
8/18/2026, 11:25:35 PM
Selected expiration: 2026-08-21 at max pain $31.00.
ONON pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
17
0
9637000
9637000
19
1400
8307000
8308400
20
2500
7642000
7644500
21
4200
6977400
6981600
22
6200
6312800
6319000
22.5
7350
5980500
5987850
24
10800
4984200
4995000
25
13100
4321200
4334300
26
109900
3659900
3769800
27
206700
3005300
3212000
27.5
255250
2679050
2934300
28
303800
2357450
2661250
29
403300
1731450
2134750
30
506900
1135250
1642150
31
654200
783050
1437250
32
958300
542850
1501150
32.5
1301300
446400
1747700
33
1727050
360900
2087950
33.5
2170900
281100
2452000
34
2628300
206500
2834800
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.