This page reflects RS 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 — RS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $400.00 (21.40 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$400.00
Nearest expiry
Expected Move
±$8.93
±2.1%
Days to Expiry
3
Calendar days
Total Call OI
108
Nearest expiry
Total Put OI
124
Nearest expiry
P/C OI Ratio
1.15
Put-heavy
Spot Price
$421.40
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
$340.00
6/18/2026, 11:29:45 PM
2026-07-17
$360.00
7/17/2026, 11:35:04 PM
2026-08-21NextUpdated
$400.00
8/18/2026, 11:33:54 PM
2026-09-18
$380.00
8/18/2026, 11:33:54 PM
2026-10-16
$240.00
8/18/2026, 11:33:54 PM
2026-11-20
$330.00
8/18/2026, 11:33:54 PM
2026-12-18
$220.00
8/18/2026, 11:33:54 PM
2027-03-19
$230.00
8/18/2026, 11:33:54 PM
2027-06-17
$330.00
8/18/2026, 11:33:54 PM
Selected expiration: 2026-08-21 at max pain $400.00.
RS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
290
0
912000
912000
300
0
790000
790000
320
0
554000
554000
330
0
446000
446000
340
0
356000
356000
350
0
280000
280000
360
0
214000
214000
370
0
151000
151000
380
0
103000
103000
390
0
59000
59000
400
0
19000
19000
410
40000
3000
43000
420
82000
1000
83000
430
142000
0
142000
440
219000
0
219000
450
309000
0
309000
460
409000
0
409000
470
509000
0
509000
480
609000
0
609000
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.