This page reflects PHIN 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 — PHIN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $80.00 (6.30 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$3.33
±4.5%
Days to Expiry
3
Calendar days
Total Call OI
140
Nearest expiry
Total Put OI
173
Nearest expiry
P/C OI Ratio
1.24
Put-heavy
Spot Price
$73.70
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
$72.50
6/18/2026, 11:30:21 PM
2026-07-17
$80.00
7/17/2026, 11:28:47 PM
2026-08-21NextUpdated
$80.00
8/18/2026, 11:29:14 PM
2026-09-18
$72.50
8/18/2026, 11:29:14 PM
2026-11-20
$80.00
8/18/2026, 11:29:14 PM
2026-12-18
$65.00
8/18/2026, 11:29:14 PM
2027-01-15
$60.00
8/18/2026, 11:29:14 PM
Selected expiration: 2026-08-21 at max pain $80.00.
PHIN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
42.5
0
393750
393750
45
1000
350000
351000
47.5
2000
311750
313750
50
3000
276250
279250
52.5
4000
243750
247750
55
5000
214250
219250
57.5
6500
187500
194000
60
8000
161000
169000
62.5
9750
136500
146250
65
11750
112250
124000
67.5
14000
90000
104000
70
16500
69000
85500
72.5
21500
50500
72000
75
28250
33500
61750
77.5
36000
17500
53500
80
44750
2500
47250
82.5
59250
750
60000
85
74500
0
74500
87.5
94000
0
94000
90
116000
0
116000
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.