This page reflects RMD 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 — RMD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $210.00 (9.98 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$210.00
Nearest expiry
Expected Move
±$5.72
±2.6%
Days to Expiry
3
Calendar days
Total Call OI
5,922
Nearest expiry
Total Put OI
4,115
Nearest expiry
P/C OI Ratio
0.69
Put-heavy
Spot Price
$219.98
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
$190.00
6/18/2026, 11:34:12 PM
2026-07-17
$210.00
7/17/2026, 11:31:24 PM
2026-08-21NextUpdated
$210.00
8/18/2026, 11:29:43 PM
2026-09-18
$210.00
8/18/2026, 11:29:43 PM
2026-10-16
$220.00
8/18/2026, 11:29:43 PM
2027-01-15
$230.00
8/18/2026, 11:29:43 PM
Selected expiration: 2026-08-21 at max pain $210.00.
RMD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
30404000
30404000
130
500
28346500
28347000
135
1000
26289000
26290000
145
2000
22175000
22177000
150
2500
20120000
20122500
155
4000
18066000
18070000
160
6000
16013500
16019500
165
8500
13967500
13976000
170
11000
11927000
11938000
175
13500
9903500
9917000
180
16000
7993000
8009000
185
23000
6192000
6215000
190
39500
4425500
4465000
195
135000
2911500
3046500
200
253500
1839000
2092500
210
657500
538000
1195500
220
1316500
14000
1330500
230
3904500
4000
3908500
240
7996500
1000
7997500
250
12650500
0
12650500
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.