This page reflects PINS 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 — PINS
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $22.00 (1.39 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.00
Nearest expiry
Expected Move
±$0.65
±2.8%
Days to Expiry
2
Calendar days
Total Call OI
37,086
Nearest expiry
Total Put OI
30,659
Nearest expiry
P/C OI Ratio
0.83
Put-heavy
Spot Price
$23.39
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
2026-08-07
$23.50
8/7/2026, 11:30:02 PM
2026-08-14
$23.00
8/14/2026, 11:32:55 PM
2026-08-21NextUpdated
$22.00
8/19/2026, 11:32:07 PM
2026-08-28
$23.50
8/19/2026, 11:32:07 PM
2026-09-04
$24.00
8/19/2026, 11:32:07 PM
2026-09-11
$23.50
8/19/2026, 11:32:07 PM
2026-09-18
$23.00
8/19/2026, 11:32:07 PM
2026-09-25
$21.00
8/19/2026, 11:32:07 PM
2026-10-02
$23.50
8/19/2026, 11:32:07 PM
2026-11-20
$23.00
8/19/2026, 11:32:07 PM
2026-12-18
$20.00
8/19/2026, 11:32:07 PM
2027-01-15
$25.00
8/19/2026, 11:32:07 PM
2027-02-19
$25.00
8/19/2026, 11:32:07 PM
2027-03-19
$22.00
8/19/2026, 11:32:07 PM
2027-06-17
$22.00
8/19/2026, 11:32:07 PM
Selected expiration: 2026-08-21 at max pain $22.00.
PINS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
47328650
47328650
4
9800
44262750
44272550
5
39600
41196850
41236450
6
82600
38130950
38213550
7
126100
35066050
35192150
8
170400
32001350
32171750
9
215400
28937550
29152950
10
260900
25874850
26135750
11
307000
23054050
23361050
12
354000
20233250
20587250
13
402000
17427350
17829350
14
451700
14757850
15209550
15
505600
12163550
12669150
16
574700
9778050
10352750
16.5
613500
8719750
9333250
17
652300
7662050
8314350
17.5
739550
6754750
7494300
18
826800
5847550
6674350
18.5
927250
5019900
5947150
19
1027950
4192550
5220500
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.