This page reflects POOL 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 — POOL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $200.00 (12.50 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$200.00
Nearest expiry
Expected Move
±$7.45
±4.0%
Days to Expiry
3
Calendar days
Total Call OI
1,284
Nearest expiry
Total Put OI
1,997
Nearest expiry
P/C OI Ratio
1.56
Put-heavy
Spot Price
$187.50
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
$190.00
6/18/2026, 11:27:38 PM
2026-07-17
$200.00
7/17/2026, 11:33:09 PM
2026-08-21NextUpdated
$200.00
8/18/2026, 11:25:55 PM
2026-09-18
$190.00
8/18/2026, 11:25:55 PM
2026-10-16
$190.00
8/18/2026, 11:25:55 PM
2026-12-18
$220.00
8/18/2026, 11:25:55 PM
2027-01-15
$250.00
8/18/2026, 11:25:55 PM
2027-05-21
$165.00
8/18/2026, 11:25:55 PM
Selected expiration: 2026-08-21 at max pain $200.00.
POOL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
140
0
5901000
5901000
145
0
4914500
4914500
150
0
3928500
3928500
155
0
2995000
2995000
160
0
2068000
2068000
165
0
1642000
1642000
170
0
1230500
1230500
175
0
885500
885500
180
0
630500
630500
185
25000
448000
473000
190
50000
291500
341500
195
86000
159000
245000
200
144500
96000
240500
210
678500
24000
702500
220
1357500
0
1357500
230
2258500
0
2258500
240
3449500
0
3449500
250
4693500
0
4693500
260
5957500
0
5957500
270
7229500
0
7229500
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.