This page reflects PWR 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 — PWR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $650.00 (46.15 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$650.00
Nearest expiry
Expected Move
±$24.65
±3.5%
Days to Expiry
3
Calendar days
Total Call OI
6,137
Nearest expiry
Total Put OI
12,362
Nearest expiry
P/C OI Ratio
2.01
Put-heavy
Spot Price
$696.15
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
$680.00
6/18/2026, 11:28:44 PM
2026-07-17
$660.00
7/17/2026, 11:29:55 PM
2026-08-21NextUpdated
$650.00
8/18/2026, 11:34:00 PM
2026-09-18
$670.00
8/18/2026, 11:34:00 PM
2026-10-16
$630.00
8/18/2026, 11:34:00 PM
2026-11-20
$650.00
8/18/2026, 11:34:00 PM
2026-12-18
$480.00
8/18/2026, 11:34:00 PM
2027-01-15
$600.00
8/18/2026, 11:34:00 PM
2027-02-19
$610.00
8/18/2026, 11:34:00 PM
2027-03-19
$640.00
8/18/2026, 11:34:00 PM
2027-06-17
$620.00
8/18/2026, 11:34:00 PM
Selected expiration: 2026-08-21 at max pain $650.00.
PWR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
230
0
414005000
414005000
240
2000
401652000
401654000
270
11000
364593000
364604000
280
15000
352240000
352255000
290
19000
339887000
339906000
300
23000
327546000
327569000
310
27000
315242000
315269000
320
31000
302946000
302977000
330
35000
290655000
290690000
340
40000
278364000
278404000
350
45000
266073000
266118000
360
51000
253792000
253843000
380
65000
229230000
229295000
390
81000
216949000
217030000
400
100000
204680000
204780000
410
146000
192669000
192815000
420
194000
180660000
180854000
430
249000
168703000
168952000
440
305000
156760000
157065000
450
367000
144830000
145197000
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.