This page reflects PNR 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 — PNR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $62.50 (1.05 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$62.50
Nearest expiry
Expected Move
±$1.83
±2.9%
Days to Expiry
3
Calendar days
Total Call OI
2,160
Nearest expiry
Total Put OI
1,526
Nearest expiry
P/C OI Ratio
0.71
Put-heavy
Spot Price
$63.55
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
$72.50
6/18/2026, 11:29:30 PM
2026-07-17
$70.00
7/17/2026, 11:29:02 PM
2026-08-21NextUpdated
$62.50
8/18/2026, 11:29:21 PM
2026-09-18
$65.00
8/18/2026, 11:29:21 PM
2026-11-20
$92.50
8/18/2026, 11:29:21 PM
2027-01-15
$67.50
8/18/2026, 11:29:21 PM
2027-02-19
$60.00
8/18/2026, 11:29:21 PM
Selected expiration: 2026-08-21 at max pain $62.50.
PNR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
3231750
3231750
45
1000
2484250
2485250
47.5
1500
2112000
2113500
50
2000
1741500
1743500
55
3000
1027500
1030500
57.5
6250
691000
697250
60
9500
389250
398750
62.5
17500
189750
207250
65
253750
81000
334750
67.5
544750
53000
597750
70
946250
36000
982250
72.5
1383000
21000
1404000
75
1828750
15000
1843750
77.5
2290500
11500
2302000
80
2765250
8000
2773250
82.5
3254500
6000
3260500
85
3754250
4500
3758750
87.5
4256500
3250
4259750
90
4763500
2000
4765500
92.5
5271750
1250
5273000
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.