This page reflects PI 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 — PI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $135.00 (33.07 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$135.00
Nearest expiry
Expected Move
±$9.45
±5.6%
Days to Expiry
3
Calendar days
Total Call OI
1,481
Nearest expiry
Total Put OI
508
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$168.07
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
$130.00
6/18/2026, 11:26:00 PM
2026-07-17
$130.00
7/17/2026, 11:27:20 PM
2026-08-21NextUpdated
$135.00
8/18/2026, 11:25:02 PM
2026-09-18
$145.00
8/18/2026, 11:25:02 PM
2026-10-16
$130.00
8/18/2026, 11:25:02 PM
2026-12-18
$130.00
8/18/2026, 11:25:02 PM
2027-01-15
$150.00
8/18/2026, 11:25:02 PM
Selected expiration: 2026-08-21 at max pain $135.00.
PI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
3428500
3428500
70
3000
3175500
3178500
75
8000
2923000
2931000
80
13000
2672500
2685500
85
19000
2437500
2456500
90
26000
2203000
2229000
95
33500
1981500
2015000
100
41000
1767500
1808500
105
59000
1576500
1635500
110
78000
1387000
1465000
115
99500
1205500
1305000
120
124500
1031500
1156000
125
152500
888500
1041000
130
184500
764500
949000
135
273500
655500
929000
140
415500
550000
965500
145
652000
452500
1104500
150
924500
359000
1283500
155
1271500
278500
1550000
160
1648500
206000
1854500
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.