This page reflects PSN 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 — PSN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $55.00 (8.55 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$1.67
±3.6%
Days to Expiry
3
Calendar days
Total Call OI
3,538
Nearest expiry
Total Put OI
2,486
Nearest expiry
P/C OI Ratio
0.70
Put-heavy
Spot Price
$46.45
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
$60.00
6/18/2026, 11:28:31 PM
2026-07-17
$55.00
7/17/2026, 11:33:12 PM
2026-08-21NextUpdated
$55.00
8/18/2026, 11:21:29 PM
2026-09-18
$40.00
8/18/2026, 11:21:29 PM
2026-11-20
$60.00
8/18/2026, 11:21:29 PM
2026-12-18
$40.00
8/18/2026, 11:21:29 PM
2027-03-19
$40.00
8/18/2026, 11:21:29 PM
Selected expiration: 2026-08-21 at max pain $55.00.
PSN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
4185500
4185500
35
1000
3012000
3013000
40
2500
2010500
2013000
45
28500
1137500
1166000
50
173000
310500
483500
55
445500
16500
462000
60
776500
9000
785500
65
1196500
1500
1198000
70
1801500
1000
1802500
75
2939000
500
2939500
80
4137500
0
4137500
85
5618000
0
5618000
90
7118000
0
7118000
95
8618000
0
8618000
100
10118000
0
10118000
110
13121000
0
13121000
115
14623000
0
14623000
120
16126500
0
16126500
125
17633000
0
17633000
130
19142500
0
19142500
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.