This page reflects PTC 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 — PTC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $120.00 (26.48 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$5.12
±3.5%
Days to Expiry
3
Calendar days
Total Call OI
5,562
Nearest expiry
Total Put OI
1,167
Nearest expiry
P/C OI Ratio
0.21
Put-heavy
Spot Price
$146.48
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
$120.00
6/18/2026, 11:28:53 PM
2026-07-17
$115.00
7/17/2026, 11:34:05 PM
2026-08-21NextUpdated
$120.00
8/18/2026, 11:26:05 PM
2026-09-18
$120.00
8/18/2026, 11:26:05 PM
2026-10-16
$130.00
8/18/2026, 11:26:05 PM
2026-11-20
$125.00
8/18/2026, 11:26:05 PM
2027-01-15
$120.00
8/18/2026, 11:26:05 PM
Selected expiration: 2026-08-21 at max pain $120.00.
PTC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
5559500
5559500
75
0
4393500
4393500
80
1000
3812000
3813000
85
2000
3232000
3234000
90
3000
2653500
2656500
95
4000
2080500
2084500
100
5500
1511500
1517000
105
7000
1004500
1011500
110
8500
532000
540500
115
11500
423500
435000
120
78500
317000
395500
125
183500
216000
399500
130
313000
121000
434000
135
529000
68000
597000
140
925500
27000
952500
145
1349500
5500
1355000
150
1785500
3000
1788500
155
2943500
2500
2946000
160
4153000
2000
4155000
165
6821000
1500
6822500
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.