This page reflects PDYN 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 — PDYN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $6.00 (0.28 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
±$0.47
±7.6%
Days to Expiry
3
Calendar days
Total Call OI
4,065
Nearest expiry
Total Put OI
1,474
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$6.28
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
8/18/2026, 11:23:38 PM
2026-09-18
$6.00
8/18/2026, 11:23:38 PM
2026-10-16
$6.00
8/18/2026, 11:23:38 PM
2026-11-20
$6.00
8/18/2026, 11:23:38 PM
2027-01-15
$6.00
8/18/2026, 11:23:38 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
602900
602900
2
1100
456200
457300
3
2200
313700
315900
4
3400
173400
176800
5
4600
45000
49600
6
22600
7700
30300
7
142700
2200
144900
8
365700
100
365800
9
754400
0
754400
10
1152700
0
1152700
11
1554400
0
1554400
12
1956200
0
1956200
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.