This page reflects ORKA 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 — ORKA
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $70.00 (43.08 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$2.65
±2.3%
Days to Expiry
3
Calendar days
Total Call OI
1,028
Nearest expiry
Total Put OI
485
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$113.08
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
$55.00
6/18/2026, 11:27:26 PM
2026-07-17
$75.00
7/17/2026, 11:31:09 PM
2026-08-21NextUpdated
$70.00
8/18/2026, 11:26:09 PM
2026-09-18
$95.00
8/18/2026, 11:26:09 PM
2026-11-20
$60.00
8/18/2026, 11:26:09 PM
2026-12-18
$70.00
8/18/2026, 11:26:09 PM
2027-01-15
$75.00
8/18/2026, 11:26:09 PM
2027-02-19
$40.00
8/18/2026, 11:26:09 PM
2027-03-19
$55.00
8/18/2026, 11:26:09 PM
Selected expiration: 2026-08-21 at max pain $70.00.
ORKA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
2716750
2716750
17.5
0
2596000
2596000
20
0
2475250
2475250
22.5
250
2355000
2355250
25
3000
2235000
2238000
30
8500
1996000
2004500
35
15000
1758000
1773000
40
55000
1521500
1576500
45
96500
1289000
1385500
50
138000
1056500
1194500
55
190000
829000
1019000
60
248000
654000
902000
65
329500
493500
823000
70
440000
350500
790500
75
567500
224000
791500
80
698500
117000
815500
85
834500
61500
896000
90
1025000
29000
1054000
95
1261000
9000
1270000
100
1675000
5000
1680000
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.