This page reflects ROL 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 — ROL
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $37.50 (1.24 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$37.50
Nearest expiry
Expected Move
±$1.60
±4.4%
Days to Expiry
2
Calendar days
Total Call OI
5,650
Nearest expiry
Total Put OI
2,438
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$36.26
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
$45.00
6/18/2026, 11:34:41 PM
2026-07-17
$45.00
7/17/2026, 11:29:02 PM
2026-08-21NextUpdated
$37.50
8/19/2026, 11:33:43 PM
2026-09-18
$37.50
8/19/2026, 11:33:43 PM
2026-11-20
$37.50
8/19/2026, 11:33:43 PM
2027-02-19
$37.50
8/19/2026, 11:33:43 PM
Selected expiration: 2026-08-21 at max pain $37.50.
ROL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
1645500
1645500
32.5
1250
1036000
1037250
35
2500
557250
559750
37.5
9250
219500
228750
40
176500
115000
291500
42.5
513250
58250
571500
45
1005000
5500
1010500
47.5
1684000
3000
1687000
50
2631000
1000
2632000
52.5
3602000
250
3602250
55
4605000
0
4605000
57.5
5741000
0
5741000
60
6945500
0
6945500
62.5
8217500
0
8217500
65
9604250
0
9604250
67.5
11000750
0
11000750
70
12408250
0
12408250
72.5
13818250
0
13818250
90
23702250
0
23702250
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.