PennyMac Financial Services, InClose $75.30EOD only
Max Pain
$85.00
Next expiry Aug 21, 2026
Expected Move
±$2.18
2.9% from close
Price Gap
+9.70
Distance to max pain
IV Rank
85
High premium
P/C OI
0.40
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects PFSI 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 — PFSI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $85.00 (9.70 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
±$2.18
±2.9%
Days to Expiry
3
Calendar days
Total Call OI
11,977
Nearest expiry
Total Put OI
3,003
Nearest expiry
P/C OI Ratio
0.25
Put-heavy
Spot Price
$75.30
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
$80.00
6/18/2026, 11:24:02 PM
2026-07-17
$85.00
7/17/2026, 11:32:35 PM
2026-08-21NextUpdated
$85.00
8/18/2026, 11:33:24 PM
2026-09-18
$65.00
8/18/2026, 11:33:24 PM
2026-11-20
$85.00
8/18/2026, 11:33:24 PM
2026-12-18
$90.00
8/18/2026, 11:33:24 PM
2027-01-15
$85.00
8/18/2026, 11:33:24 PM
2027-02-19
$75.00
8/18/2026, 11:33:24 PM
Selected expiration: 2026-08-21 at max pain $85.00.
PFSI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
13035500
13035500
50
0
11534500
11534500
55
0
10035000
10035000
60
0
8535500
8535500
65
500
7036500
7037000
70
1000
5546000
5547000
75
1500
4063000
4064500
80
11500
2601500
2613000
85
139500
1659000
1798500
90
1046000
1181500
2227500
95
3048500
782000
3830500
100
5335000
412000
5747000
105
8101500
360000
8461500
110
11967000
308000
12275000
115
15899500
256000
16155500
120
20003500
204000
20207500
125
24107500
152000
24259500
130
29261000
100000
29361000
135
34588500
50000
34638500
140
40276500
0
40276500
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.