This page reflects PCOR 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 — PCOR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $45.00 (14.89 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$3.48
±5.8%
Days to Expiry
3
Calendar days
Total Call OI
2,627
Nearest expiry
Total Put OI
924
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$59.89
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
$45.00
6/18/2026, 11:27:33 PM
2026-07-17
$45.00
7/17/2026, 11:26:03 PM
2026-08-21NextUpdated
$45.00
8/18/2026, 11:24:47 PM
2026-09-18
$45.00
8/18/2026, 11:24:47 PM
2026-10-16
$50.00
8/18/2026, 11:24:47 PM
2027-01-15
$55.00
8/18/2026, 11:24:47 PM
Selected expiration: 2026-08-21 at max pain $45.00.
PCOR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
22.5
0
1987000
1987000
25
0
1756250
1756250
30
0
1295750
1295750
32.5
0
1067250
1067250
35
0
851250
851250
37.5
0
650500
650500
40
250
451500
451750
42.5
2750
259000
261750
45
5750
79250
85000
47.5
47750
54000
101750
50
93500
38000
131500
52.5
168500
27000
195500
55
271000
16250
287250
57.5
417000
10250
427250
60
594000
5500
599500
62.5
821000
2750
823750
65
1460500
0
1460500
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.