Nearest listed expiration 2026-08-21 shows max pain at $3.50 (0.04 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$3.50
Nearest expiry
Expected Move
±$0.23
±6.4%
Days to Expiry
4
Calendar days
Total Call OI
190,999
Nearest expiry
Total Put OI
35,597
Nearest expiry
P/C OI Ratio
0.19
Put-heavy
Spot Price
$3.54
Published close
Consensus
6.0/10
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
$3.50
8/7/2026, 11:25:27 PM
2026-08-14
$3.50
8/14/2026, 11:29:35 PM
2026-08-21NextUpdated
$3.50
8/17/2026, 11:27:51 PM
2026-08-28
$3.50
8/17/2026, 11:27:51 PM
2026-09-04
$3.50
8/17/2026, 11:27:51 PM
2026-09-11
$3.50
8/17/2026, 11:27:51 PM
2026-09-18
$4.00
8/17/2026, 11:27:51 PM
2026-09-25
$3.50
8/17/2026, 11:27:51 PM
2026-10-02
$4.00
8/17/2026, 11:27:51 PM
2026-10-16
$4.00
8/17/2026, 11:27:51 PM
2026-11-20
$4.00
8/17/2026, 11:27:51 PM
2026-12-18
$4.00
8/17/2026, 11:27:51 PM
2027-01-15
$1.50
8/17/2026, 11:27:51 PM
2027-02-19
$4.00
8/17/2026, 11:27:51 PM
Selected expiration: 2026-08-21 at max pain $3.50.
OPEN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
10753600
10753600
1
1200
8973750
8974950
1.5
6050
7195600
7201650
2
12650
5419000
5431650
2.5
57800
3686200
3744000
3
106700
1969650
2076350
3.5
227100
1190950
1418050
4
769500
689700
1459200
4.5
2489650
498250
2987900
5
4457250
338850
4796100
5.5
8024800
295600
8320400
6
11701150
254000
11955150
6.5
16333700
217950
16551650
7
20970600
182050
21152650
7.5
27128000
149150
27277150
8
33323300
116350
33439650
8.5
40467700
95050
40562750
9
47624650
73800
47698450
10
62839450
31400
62870850
11
81110750
0
81110750
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.