Nearest listed expiration 2026-08-21 shows max pain at $140.00 (6.65 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$7.17
±4.9%
Days to Expiry
4
Calendar days
Total Call OI
361,663
Nearest expiry
Total Put OI
205,091
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$146.65
Published close
Consensus
5.5/10
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
$135.00
8/7/2026, 11:28:59 PM
2026-08-14
$142.00
8/14/2026, 11:27:51 PM
2026-08-21NextUpdated
$140.00
8/17/2026, 11:30:38 PM
2026-08-28
$138.00
8/17/2026, 11:30:38 PM
2026-09-04
$144.00
8/17/2026, 11:30:38 PM
2026-09-11
$144.00
8/17/2026, 11:30:38 PM
2026-09-18
$155.00
8/17/2026, 11:30:38 PM
2026-09-25
$150.00
8/17/2026, 11:30:38 PM
2026-10-02
$150.00
8/17/2026, 11:30:38 PM
2026-10-16
$155.00
8/17/2026, 11:30:38 PM
2026-11-20
$150.00
8/17/2026, 11:30:38 PM
2026-12-18
$175.00
8/17/2026, 11:30:38 PM
2027-01-15
$170.00
8/17/2026, 11:30:38 PM
2027-03-19
$160.00
8/17/2026, 11:30:38 PM
2027-06-17
$170.00
8/17/2026, 11:30:38 PM
Selected expiration: 2026-08-21 at max pain $140.00.
ORCL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
1154966700
1154966700
75
170000
1055114700
1055284700
80
343000
955997200
956340200
85
534500
859208700
859743200
90
732500
762825700
763558200
95
1000000
670894700
671894700
100
1295000
580810700
582105700
105
1697500
499886200
501583700
106
1800500
484503000
486303500
107
1904500
469127600
471032100
108
2008600
453812000
455820600
109
2112800
438552000
440664800
110
2218100
423327000
425545100
111
2353100
408702200
411055300
112
2489900
394101900
396591800
113
2629400
379924500
382553900
114
2770800
365773600
368544400
115
2916500
351763900
354680400
116
3136200
338743100
341879300
117
3359700
326053300
329413000
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.