This page reflects OTLY 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 — OTLY
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $11.00 (2.81 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$0.78
±5.6%
Days to Expiry
3
Calendar days
Total Call OI
571
Nearest expiry
Total Put OI
499
Nearest expiry
P/C OI Ratio
0.87
Put-heavy
Spot Price
$13.81
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
$10.00
6/18/2026, 11:24:43 PM
2026-07-17
$8.00
7/17/2026, 11:28:19 PM
2026-08-21NextUpdated
$11.00
8/18/2026, 11:24:08 PM
2026-09-18
$12.00
8/18/2026, 11:24:08 PM
2026-12-18
$12.00
8/18/2026, 11:24:08 PM
2027-03-19
$15.00
8/18/2026, 11:24:08 PM
Selected expiration: 2026-08-21 at max pain $11.00.
OTLY pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
432300
432300
2
0
382800
382800
3
0
333700
333700
4
0
284700
284700
5
0
235800
235800
6
0
187100
187100
7
0
139400
139400
8
0
92500
92500
9
900
60600
61500
10
4900
37300
42200
11
15100
21600
36700
12
36200
8900
45100
13
62000
5300
67300
14
95800
2200
98000
15
134300
500
134800
16
186600
0
186600
17
243200
0
243200
18
299900
0
299900
21
470000
0
470000
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.