This page reflects ROP 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 — ROP
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $360.00 (34.17 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$360.00
Nearest expiry
Expected Move
±$13.55
±3.4%
Days to Expiry
3
Calendar days
Total Call OI
1,699
Nearest expiry
Total Put OI
920
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$394.17
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
$320.00
6/18/2026, 11:30:10 PM
2026-07-17
$330.00
7/17/2026, 11:30:56 PM
2026-08-21NextUpdated
$360.00
8/18/2026, 11:28:51 PM
2026-09-18
$390.00
8/18/2026, 11:28:51 PM
2026-11-20
$360.00
8/18/2026, 11:28:51 PM
2027-02-19
$380.00
8/18/2026, 11:28:51 PM
Selected expiration: 2026-08-21 at max pain $360.00.
ROP pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
210
0
13312000
13312000
220
0
12396000
12396000
230
0
11494000
11494000
240
0
10595000
10595000
250
0
9698000
9698000
260
2000
8817000
8819000
270
5000
7956000
7961000
280
11000
7104000
7115000
290
17000
6282000
6299000
300
23000
5496000
5519000
310
32000
4737000
4769000
320
44000
3988000
4032000
330
93000
3370000
3463000
340
265000
2803000
3068000
350
464000
2262000
2726000
360
691000
1773000
2464000
370
1777000
1347000
3124000
380
2884000
1029000
3913000
390
4057000
744000
4801000
400
5286000
469000
5755000
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.