thetaOwl

PLAY

Dave & Buster's Entertainment, Close $9.93EOD only
Max Pain
$11.00
Next expiry Aug 21, 2026
Expected Move
±$0.60
6.0% from close
Price Gap
+1.07
Distance to max pain
IV Rank
18
Low premium
P/C OI
0.47
Slightly call-heavy
Consensus
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot

This page reflects PLAY 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 — PLAY
Data as of market close Aug 18, 2026

Nearest listed expiration 2026-08-21 shows max pain at $11.00 (1.07 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$0.60
±6.0%
Days to Expiry
3
Calendar days
Total Call OI
9,075
Nearest expiry
Total Put OI
5,182
Nearest expiry
P/C OI Ratio
0.57
Put-heavy
Spot Price
$9.93
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-08-21
ExpirationMax Pain StrikeLast Updated
2026-06-18$12.006/18/2026, 11:25:54 PM
2026-07-17$11.007/17/2026, 11:29:33 PM
2026-08-21NextUpdated$11.008/18/2026, 11:35:04 PM
2026-09-18$12.008/18/2026, 11:35:04 PM
2026-10-16$11.008/18/2026, 11:35:04 PM
2027-01-15$13.008/18/2026, 11:35:04 PM
Selected expiration: 2026-08-21 at max pain $11.00.
PLAY pain by strike for 2026-08-21 expiration
StrikeCall PainPut PainTotal Pain
4030069003006900
510024887002488800
650019705001971000
790014582001459100
81300984100985400
91700593100594800
1034600260400295000
119080075900166700
1226020011400271600
137594001400760800
14144860011001449700
1523263008002327100
1632261005003226600
1741331003004133400
1850402001005040300
19594740005947400
20685460006854600
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.