This page reflects SAH 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 — SAH
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $115.00 (37.69 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$5.70
±7.4%
Days to Expiry
3
Calendar days
Total Call OI
175
Nearest expiry
Total Put OI
332
Nearest expiry
P/C OI Ratio
1.90
Put-heavy
Spot Price
$77.31
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
$80.00
6/18/2026, 11:27:44 PM
2026-07-17
$90.00
7/17/2026, 11:37:01 PM
2026-08-21NextUpdated
$115.00
8/18/2026, 11:37:17 PM
2026-09-18
$75.00
8/18/2026, 11:37:17 PM
2026-11-20
$65.00
8/18/2026, 11:37:17 PM
2026-12-18
$75.00
8/18/2026, 11:37:17 PM
2027-02-19
$110.00
8/18/2026, 11:37:17 PM
Selected expiration: 2026-08-21 at max pain $115.00.
SAH pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
1969500
1969500
50
7000
1803500
1810500
55
34500
1657000
1691500
60
62000
1510500
1572500
65
89500
1364000
1453500
70
126000
1218500
1344500
75
162500
1076500
1239000
80
200500
936000
1136500
85
238500
796500
1035000
90
276500
658500
935000
95
314500
526000
840500
100
353500
394500
748000
105
394000
263000
657000
110
480500
131500
612000
115
567500
0
567500
120
654500
0
654500
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.