This page reflects PRMB 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 — PRMB
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $23.00 (0.44 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$23.00
Nearest expiry
Expected Move
±$0.93
±4.0%
Days to Expiry
3
Calendar days
Total Call OI
43,412
Nearest expiry
Total Put OI
9,219
Nearest expiry
P/C OI Ratio
0.21
Put-heavy
Spot Price
$23.44
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
$23.00
6/18/2026, 11:26:18 PM
2026-07-17
$22.50
7/17/2026, 11:31:29 PM
2026-08-21NextUpdated
$23.00
8/18/2026, 11:26:16 PM
2026-09-18
$23.00
8/18/2026, 11:26:16 PM
2026-10-16
$25.00
8/18/2026, 11:26:16 PM
2026-12-18
$22.50
8/18/2026, 11:26:16 PM
2027-01-15
$15.00
8/18/2026, 11:26:16 PM
Selected expiration: 2026-08-21 at max pain $23.00.
PRMB pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
16
0
4450900
4450900
17
0
3529300
3529300
18
0
2608100
2608100
19
0
1687200
1687200
20
0
966800
966800
21
200
249700
249900
22
800
91100
91900
23
1600
13700
15300
24
2097600
6400
2104000
25
4235900
200
4236100
26
6479200
100
6479300
27
8825400
0
8825400
28
13061300
0
13061300
29
17401200
0
17401200
30
21741800
0
21741800
31
26082500
0
26082500
32
30423300
0
30423300
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.