This page reflects OZK 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 — OZK
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $50.00 (0.74 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
±$1.40
±2.8%
Days to Expiry
3
Calendar days
Total Call OI
3,812
Nearest expiry
Total Put OI
4,745
Nearest expiry
P/C OI Ratio
1.24
Put-heavy
Spot Price
$50.74
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
$47.50
6/18/2026, 11:29:22 PM
2026-07-17
$50.00
7/17/2026, 11:25:02 PM
2026-08-21NextUpdated
$50.00
8/18/2026, 11:29:25 PM
2026-09-18
$50.00
8/18/2026, 11:29:25 PM
2026-11-20
$50.00
8/18/2026, 11:29:25 PM
2027-01-15
$45.00
8/18/2026, 11:29:25 PM
2027-02-19
$47.50
8/18/2026, 11:29:25 PM
Selected expiration: 2026-08-21 at max pain $50.00.
OZK pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
9080500
9080500
25
0
7894250
7894250
27.5
0
6739000
6739000
30
0
5589250
5589250
32.5
0
4444500
4444500
35
0
3301500
3301500
37.5
0
2263750
2263750
40
0
1483750
1483750
42.5
250
731750
732000
45
5000
401750
406750
47.5
18000
161500
179500
50
68000
19250
87250
52.5
200750
0
200750
55
591250
0
591250
57.5
1490250
0
1490250
60
2417250
0
2417250
65
4321250
0
4321250
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.