This page reflects PDYN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — PDYN
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $6.00 (0.23 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$6.00
Nearest expiry
Expected Move
±$0.45
±7.2%
Days to Expiry
2
Calendar days
Total Call OI
4,137
Nearest expiry
Total Put OI
1,463
Nearest expiry
P/C OI Ratio
0.35
Put-heavy
Spot Price
$6.23
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
$7.00
6/18/2026, 11:25:29 PM
2026-07-17
$6.00
7/17/2026, 11:31:27 PM
2026-08-21NextUpdated
$6.00
8/19/2026, 11:30:13 PM
2026-09-18
$6.00
8/19/2026, 11:30:13 PM
2026-10-16
$6.00
8/19/2026, 11:30:13 PM
2026-11-20
$6.00
8/19/2026, 11:30:13 PM
2027-01-15
$6.00
8/19/2026, 11:30:13 PM
Selected expiration: 2026-08-21 at max pain $6.00.
PDYN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
597000
597000
2
1100
451400
452500
3
2200
310000
312200
4
3400
170800
174200
5
4600
43500
48100
6
22700
7300
30000
7
142300
2200
144500
8
371100
100
371200
9
765500
0
765500
10
1169500
0
1169500
11
1578400
0
1578400
12
1987400
0
1987400
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.