This page reflects Q 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 — Q
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $135.00 (1.42 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$135.00
Nearest expiry
Expected Move
±$5.80
±4.3%
Days to Expiry
3
Calendar days
Total Call OI
17,759
Nearest expiry
Total Put OI
9,035
Nearest expiry
P/C OI Ratio
0.51
Put-heavy
Spot Price
$133.58
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
$135.00
6/18/2026, 11:29:23 PM
2026-07-17
$150.00
7/17/2026, 11:34:14 PM
2026-08-21NextUpdated
$135.00
8/18/2026, 11:27:17 PM
2026-09-18
$145.00
8/18/2026, 11:27:17 PM
2026-10-16
$135.00
8/18/2026, 11:27:17 PM
2026-11-20
$130.00
8/18/2026, 11:27:17 PM
2026-12-18
$150.00
8/18/2026, 11:27:17 PM
2027-02-19
$145.00
8/18/2026, 11:27:17 PM
2027-05-21
$110.00
8/18/2026, 11:27:17 PM
Selected expiration: 2026-08-21 at max pain $135.00.
Q pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
68686000
68686000
45
0
64169000
64169000
50
500
59657000
59657500
55
10000
55151000
55161000
60
23500
50647000
50670500
65
50000
46165500
46215500
70
80000
41688500
41768500
75
120000
37269000
37389000
80
169500
32908500
33078000
85
246000
28631000
28877000
90
413500
24469000
24882500
95
612000
20366000
20978000
100
823000
16704500
17527500
105
1112500
13709000
14821500
110
1434500
10796000
12230500
115
1818500
8296500
10115000
120
2539500
6143000
8682500
125
3292500
4133000
7425500
130
4109000
2772500
6881500
135
4971500
1690000
6661500
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.