This page reflects PCG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 17, 2026 close
Max Pain — PCG
Data as of market close Aug 17, 2026
Nearest listed expiration 2026-08-21 shows max pain at $17.00 (0.50 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.00
Nearest expiry
Expected Move
±$0.95
±5.4%
Days to Expiry
4
Calendar days
Total Call OI
108,867
Nearest expiry
Total Put OI
23,174
Nearest expiry
P/C OI Ratio
0.21
Put-heavy
Spot Price
$17.50
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
$17.00
8/7/2026, 11:25:58 PM
2026-08-14
$17.50
8/14/2026, 11:23:31 PM
2026-08-21NextUpdated
$17.00
8/17/2026, 11:29:39 PM
2026-08-28
$17.50
8/17/2026, 11:29:39 PM
2026-09-04
$17.00
8/17/2026, 11:29:39 PM
2026-09-11
$17.00
8/17/2026, 11:29:39 PM
2026-09-18
$17.00
8/17/2026, 11:29:39 PM
2026-09-25
$17.00
8/17/2026, 11:29:39 PM
2026-10-02
$18.00
8/17/2026, 11:29:39 PM
2026-10-16
$17.00
8/17/2026, 11:29:39 PM
2026-12-18
$17.00
8/17/2026, 11:29:39 PM
2027-01-15
$17.00
8/17/2026, 11:29:39 PM
2027-03-19
$17.00
8/17/2026, 11:29:39 PM
2027-06-17
$17.00
8/17/2026, 11:29:39 PM
Selected expiration: 2026-08-21 at max pain $17.00.
PCG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
32900400
32900400
4
2100
30457700
30459800
5
6500
28015000
28021500
6
13300
25572800
25586100
7
21000
23130600
23151600
8
29000
20690500
20719500
9
37300
18250400
18287700
10
45900
15810300
15856200
12
65900
10930100
10996000
12.5
71450
9716100
9787550
13
77200
8502600
8579800
13.5
83200
7308050
7391250
14
89200
6114000
6203200
14.5
95350
5032350
5127700
15
101500
3954150
4055650
15.5
111900
2942150
3054050
16
122300
1966700
2089000
16.5
316150
1177050
1493200
17
515850
440750
956600
17.5
1348000
127800
1475800
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.