Charles Schwab Corporation (TheClose $111.68EOD only
Max Pain
$107.00
Next expiry Aug 21, 2026
Expected Move
±$1.75
1.6% from close
Price Gap
-4.68
Distance to max pain
IV Rank
22
Low premium
P/C OI
0.83
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects SCHW 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 — SCHW
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $107.00 (4.68 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$107.00
Nearest expiry
Expected Move
±$1.75
±1.6%
Days to Expiry
3
Calendar days
Total Call OI
28,605
Nearest expiry
Total Put OI
26,928
Nearest expiry
P/C OI Ratio
0.94
Put-heavy
Spot Price
$111.68
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
2026-08-07
$104.00
8/7/2026, 11:35:17 PM
2026-08-14
$109.00
8/14/2026, 11:26:27 PM
2026-08-21NextUpdated
$107.00
8/18/2026, 11:32:38 PM
2026-08-28
$107.00
8/18/2026, 11:32:38 PM
2026-09-04
$109.00
8/18/2026, 11:32:38 PM
2026-09-11
$107.00
8/18/2026, 11:32:38 PM
2026-09-18
$100.00
8/18/2026, 11:32:38 PM
2026-09-25
$104.00
8/18/2026, 11:32:38 PM
2026-10-02
$110.00
8/18/2026, 11:32:38 PM
2026-10-16
$100.00
8/18/2026, 11:32:38 PM
2026-11-20
$105.00
8/18/2026, 11:32:38 PM
2026-12-18
$95.00
8/18/2026, 11:32:38 PM
2027-01-15
$90.00
8/18/2026, 11:32:38 PM
2027-02-19
$97.50
8/18/2026, 11:32:38 PM
2027-03-19
$95.00
8/18/2026, 11:32:38 PM
2027-06-17
$85.00
8/18/2026, 11:32:38 PM
Selected expiration: 2026-08-21 at max pain $107.00.
SCHW pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
111356600
111356600
55
0
97948600
97948600
60
0
84548100
84548100
65
0
71184600
71184600
70
11500
57838600
57850100
75
23000
44706600
44729600
77.5
29000
38334600
38363600
80
35250
32262850
32298100
82.5
42750
26958600
27001350
85
50250
21959350
22009600
87.5
57750
17808850
17866600
88
59250
17027150
17086400
89
62250
15474050
15536300
90
65250
13926150
13991400
91
68350
12531250
12599600
92
71450
11138250
11209700
92.5
73000
10446100
10519100
93
74650
9866400
9941050
94
77950
8719500
8797450
95
81250
7582900
7664150
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.