This page reflects ROAD 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 — ROAD
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $105.00 (10.61 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$105.00
Nearest expiry
Expected Move
±$3.35
±2.9%
Days to Expiry
2
Calendar days
Total Call OI
519
Nearest expiry
Total Put OI
1,825
Nearest expiry
P/C OI Ratio
3.52
Put-heavy
Spot Price
$115.61
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
$105.00
6/18/2026, 11:28:16 PM
2026-07-17
$110.00
7/17/2026, 11:30:51 PM
2026-08-21NextUpdated
$105.00
8/19/2026, 11:29:59 PM
2026-09-18
$110.00
8/19/2026, 11:29:59 PM
2026-10-16
$100.00
8/19/2026, 11:29:59 PM
2027-01-15
$105.00
8/19/2026, 11:29:59 PM
Selected expiration: 2026-08-21 at max pain $105.00.
ROAD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
4328000
4328000
75
0
3416000
3416000
80
0
2511000
2511000
85
500
1762500
1763000
90
1000
1035000
1036000
95
2500
569500
572000
100
6000
219000
225000
105
44500
150000
194500
110
113000
95000
208000
115
223000
53000
276000
120
362000
22500
384500
125
555000
7000
562000
130
791000
0
791000
135
1033000
0
1033000
140
1276000
0
1276000
145
1522000
0
1522000
150
1770000
0
1770000
155
2021000
0
2021000
160
2277500
0
2277500
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.