This page reflects QUIK options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — QUIK
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $5.00 (6.62 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$5.00
Nearest expiry
Expected Move
±$0.75
±6.5%
Days to Expiry
2
Calendar days
Total Call OI
4,600
Nearest expiry
Total Put OI
719
Nearest expiry
P/C OI Ratio
0.16
Put-heavy
Spot Price
$11.62
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
$19.00
6/18/2026, 11:32:49 PM
2026-07-17
$15.00
7/17/2026, 11:29:25 PM
2026-08-21NextUpdated
$5.00
8/19/2026, 11:31:01 PM
2026-09-18
$13.00
8/19/2026, 11:31:01 PM
2026-11-20
$12.00
8/19/2026, 11:31:01 PM
2027-02-19
$8.00
8/19/2026, 11:31:01 PM
Selected expiration: 2026-08-21 at max pain $5.00.
QUIK pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
397100
397100
2
15300
325200
340500
3
30800
253500
284300
4
46300
182000
228300
5
61800
110900
172700
6
81500
96100
177600
7
110200
81300
191500
8
139300
66500
205800
9
181100
51700
232800
10
240000
38900
278900
11
310700
27200
337900
12
381700
16100
397800
13
598000
8100
606100
14
820400
4500
824900
15
1082600
2900
1085500
16
1348700
1700
1350400
17
1678300
800
1679100
18
2010200
400
2010600
19
2345400
200
2345600
20
2686700
100
2686800
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.