This page reflects SAIA 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 — SAIA
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $390.00 (21.08 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$390.00
Nearest expiry
Expected Move
±$12.00
±3.3%
Days to Expiry
3
Calendar days
Total Call OI
509
Nearest expiry
Total Put OI
618
Nearest expiry
P/C OI Ratio
1.21
Put-heavy
Spot Price
$368.92
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
$440.00
6/18/2026, 11:25:52 PM
2026-07-17
$430.00
7/17/2026, 11:28:15 PM
2026-08-21NextUpdated
$390.00
8/18/2026, 11:37:30 PM
2026-09-18
$360.00
8/18/2026, 11:37:30 PM
2026-12-18
$390.00
8/18/2026, 11:37:30 PM
2027-03-19
$300.00
8/18/2026, 11:37:30 PM
Selected expiration: 2026-08-21 at max pain $390.00.
SAIA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
300
0
4040000
4040000
310
0
3492000
3492000
320
0
2945000
2945000
330
0
2413000
2413000
340
11000
1901000
1912000
350
28000
1456000
1484000
360
55000
1089000
1144000
370
138000
745000
883000
380
238000
446000
684000
390
385000
184000
569000
400
561000
97000
658000
410
763000
63000
826000
420
982000
36000
1018000
430
1209000
13000
1222000
440
1440000
0
1440000
450
1722000
0
1722000
460
2005000
0
2005000
470
2289000
0
2289000
480
2582000
0
2582000
490
2876000
0
2876000
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.