This page reflects ROOT 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 — ROOT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $55.00 (2.71 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$3.77
±7.2%
Days to Expiry
3
Calendar days
Total Call OI
2,807
Nearest expiry
Total Put OI
2,293
Nearest expiry
P/C OI Ratio
0.82
Put-heavy
Spot Price
$52.29
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
$55.00
6/18/2026, 11:29:49 PM
2026-07-17
$55.00
7/17/2026, 11:29:48 PM
2026-08-21NextUpdated
$55.00
8/18/2026, 11:27:28 PM
2026-09-18
$60.00
8/18/2026, 11:27:28 PM
2026-12-18
$60.00
8/18/2026, 11:27:28 PM
2027-01-15
$55.00
8/18/2026, 11:27:28 PM
2027-03-19
$45.00
8/18/2026, 11:27:28 PM
Selected expiration: 2026-08-21 at max pain $55.00.
ROOT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
4464500
4464500
35
1000
3348500
3349500
40
3500
2239000
2242500
45
7500
1185000
1192500
50
58000
438000
496000
55
132000
116000
248000
60
278000
4000
282000
65
634000
2000
636000
70
1103500
0
1103500
75
1743000
0
1743000
80
2456000
0
2456000
85
3214000
0
3214000
90
4016500
0
4016500
95
5328000
0
5328000
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.