This page reflects ROIV options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 17, 2026 close
Max Pain — ROIV
Data as of market close Aug 17, 2026
Nearest listed expiration 2026-08-21 shows max pain at $28.00 (8.24 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$28.00
Nearest expiry
Expected Move
±$1.73
±4.8%
Days to Expiry
4
Calendar days
Total Call OI
6,685
Nearest expiry
Total Put OI
1,727
Nearest expiry
P/C OI Ratio
0.26
Put-heavy
Spot Price
$36.24
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
$30.00
6/18/2026, 11:34:54 PM
2026-07-17
$33.00
7/17/2026, 11:35:01 PM
2026-08-21NextUpdated
$28.00
8/17/2026, 11:32:09 PM
2026-09-18
$32.00
8/17/2026, 11:32:09 PM
2026-10-16
$35.00
8/17/2026, 11:32:09 PM
2026-11-20
$30.00
8/17/2026, 11:32:09 PM
2026-12-18
$32.00
8/17/2026, 11:32:09 PM
2027-01-15
$20.00
8/17/2026, 11:32:09 PM
2027-02-19
$35.00
8/17/2026, 11:32:09 PM
Selected expiration: 2026-08-21 at max pain $28.00.
ROIV pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
14
0
2424500
2424500
15
100
2251800
2251900
16
200
2079300
2079500
17
1300
1906800
1908100
18
2900
1734300
1737200
19
4500
1562600
1567100
20
6100
1396600
1402700
21
12700
1232000
1244700
22
19300
1069800
1089100
23
25900
908700
934600
24
38300
750800
789100
25
50700
593000
643700
26
63600
466600
530200
27
86800
340200
427000
28
110600
224100
334700
29
240100
138100
378200
30
380000
52900
432900
31
576700
30500
607200
32
774000
15000
789000
33
1001900
11700
1013600
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.