This page reflects PLMR 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 — PLMR
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $125.00 (1.88 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$125.00
Nearest expiry
Expected Move
±$4.78
±3.8%
Days to Expiry
2
Calendar days
Total Call OI
57
Nearest expiry
Total Put OI
52
Nearest expiry
P/C OI Ratio
0.91
Put-heavy
Spot Price
$126.88
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
$105.00
6/18/2026, 11:30:51 PM
2026-07-17
$105.00
7/17/2026, 11:33:15 PM
2026-08-21NextUpdated
$125.00
8/19/2026, 11:29:53 PM
2026-09-18
$130.00
8/19/2026, 11:29:53 PM
2026-10-16
$125.00
8/19/2026, 11:29:53 PM
2027-01-15
$145.00
8/19/2026, 11:29:53 PM
Selected expiration: 2026-08-21 at max pain $125.00.
PLMR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
310500
310500
80
0
206500
206500
90
0
154500
154500
95
0
129500
129500
100
0
106000
106000
105
0
84000
84000
110
0
63000
63000
115
0
43000
43000
120
0
31500
31500
125
0
22500
22500
130
7500
15500
23000
135
16500
9500
26000
140
30000
5000
35000
145
48000
2500
50500
150
68500
0
68500
155
94000
0
94000
160
121500
0
121500
165
149500
0
149500
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.