This page reflects PATK 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 — PATK
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $85.00 (1.27 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$4.60
±5.5%
Days to Expiry
3
Calendar days
Total Call OI
571
Nearest expiry
Total Put OI
61
Nearest expiry
P/C OI Ratio
0.11
Put-heavy
Spot Price
$83.73
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
$85.00
6/18/2026, 11:27:59 PM
2026-07-17
$90.00
7/17/2026, 11:25:26 PM
2026-08-21NextUpdated
$85.00
8/18/2026, 11:29:48 PM
2026-09-18
$75.00
8/18/2026, 11:29:48 PM
2026-11-20
$90.00
8/18/2026, 11:29:48 PM
2027-02-19
$75.00
8/18/2026, 11:29:48 PM
Selected expiration: 2026-08-21 at max pain $85.00.
PATK pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
128000
128000
65
0
97500
97500
70
0
67000
67000
75
2000
41500
43500
80
8000
16000
24000
85
14000
6000
20000
90
21000
2500
23500
95
30000
1000
31000
100
40500
500
41000
105
53000
0
53000
110
242500
0
242500
115
505000
0
505000
120
781500
0
781500
125
1063000
0
1063000
130
1345000
0
1345000
135
1627000
0
1627000
140
1910500
0
1910500
145
2194000
0
2194000
155
2762000
0
2762000
165
3330000
0
3330000
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.