Nearest listed expiration 2026-08-21 shows max pain at $140.00 (32.55 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$7.10
±4.1%
Days to Expiry
4
Calendar days
Total Call OI
294,372
Nearest expiry
Total Put OI
254,122
Nearest expiry
P/C OI Ratio
0.86
Put-heavy
Spot Price
$172.55
Published close
Consensus
6.5/10
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
$130.00
8/7/2026, 11:29:36 PM
2026-08-14
$162.50
8/14/2026, 11:29:51 PM
2026-08-21NextUpdated
$140.00
8/17/2026, 11:30:53 PM
2026-08-28
$152.50
8/17/2026, 11:30:53 PM
2026-09-04
$160.00
8/17/2026, 11:30:53 PM
2026-09-11
$160.00
8/17/2026, 11:30:53 PM
2026-09-18
$135.00
8/17/2026, 11:30:53 PM
2026-09-25
$170.00
8/17/2026, 11:30:53 PM
2026-10-02
$170.00
8/17/2026, 11:30:53 PM
2026-10-16
$145.00
8/17/2026, 11:30:53 PM
2026-11-20
$155.00
8/17/2026, 11:30:53 PM
2026-12-18
$135.00
8/17/2026, 11:30:53 PM
2027-01-15
$120.00
8/17/2026, 11:30:53 PM
2027-02-19
$135.00
8/17/2026, 11:30:53 PM
2027-03-19
$140.00
8/17/2026, 11:30:53 PM
2027-06-17
$115.00
8/17/2026, 11:30:53 PM
Selected expiration: 2026-08-21 at max pain $140.00.
PLTR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
2741423900
2741423900
15
84500
2614480900
2614565400
20
179500
2487594900
2487774400
25
298500
2361114900
2361413400
30
429500
2240555400
2240984900
35
578000
2122637400
2123215400
40
11076500
2005982900
2017059400
45
21779000
1889910900
1911689900
50
32491500
1773921900
1806413400
55
43242000
1658264400
1701506400
60
54001000
1542800900
1596801900
65
64780500
1429566900
1494347400
70
75572000
1316727400
1392299400
75
87649500
1206950900
1294600400
80
100249000
1099006900
1199255900
85
113110000
993781400
1106891400
90
126148000
891434400
1017582400
95
139400500
795149900
934550400
100
152837000
702518400
855355400
105
166672500
614911900
781584400
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.