This page reflects OSCR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — OSCR
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $28.00 (4.30 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$28.00
Nearest expiry
Expected Move
±$1.39
±4.3%
Days to Expiry
2
Calendar days
Total Call OI
31,056
Nearest expiry
Total Put OI
28,744
Nearest expiry
P/C OI Ratio
0.93
Put-heavy
Spot Price
$32.30
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
$27.50
8/7/2026, 11:27:45 PM
2026-08-14
$27.00
8/14/2026, 11:24:52 PM
2026-08-21NextUpdated
$28.00
8/19/2026, 11:24:01 PM
2026-08-28
$30.00
8/19/2026, 11:24:01 PM
2026-09-04
$27.00
8/19/2026, 11:24:01 PM
2026-09-11
$28.00
8/19/2026, 11:24:01 PM
2026-09-18
$28.00
8/19/2026, 11:24:01 PM
2026-09-25
$28.00
8/19/2026, 11:24:01 PM
2026-10-02
$29.00
8/19/2026, 11:24:01 PM
2026-10-16
$27.00
8/19/2026, 11:24:01 PM
2026-11-20
$25.00
8/19/2026, 11:24:01 PM
2027-01-15
$10.00
8/19/2026, 11:24:01 PM
2027-02-19
$18.00
8/19/2026, 11:24:01 PM
2027-03-19
$27.00
8/19/2026, 11:24:01 PM
2027-05-21
$25.00
8/19/2026, 11:24:01 PM
2027-06-17
$25.00
8/19/2026, 11:24:01 PM
Selected expiration: 2026-08-21 at max pain $28.00.
OSCR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
53084650
53084650
6
1200
50214850
50216050
7
7200
47345050
47352250
8
20300
44476050
44496350
9
39300
41649350
41688650
10
58900
38857050
38915950
11
90900
36075150
36166050
12
128100
33306450
33434550
13
186300
30545450
30731750
14
346300
27799050
28145350
15
540900
25110250
25651150
16
745000
22457050
23202050
17
972000
19928150
20900150
18
1244800
17433250
18678050
19
1569200
14954950
16524150
20
1919500
12511150
14430650
21
2309000
10854650
13163650
22
2716600
9310350
12026950
22.5
2941850
8558650
11500500
23
3167300
7806950
10974250
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.