This page reflects SFM 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 — SFM
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $80.00 (1.16 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$3.17
±4.0%
Days to Expiry
3
Calendar days
Total Call OI
7,029
Nearest expiry
Total Put OI
10,161
Nearest expiry
P/C OI Ratio
1.45
Put-heavy
Spot Price
$78.84
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, 11:30:21 PM
2026-07-17
$80.00
7/17/2026, 11:31:18 PM
2026-08-21NextUpdated
$80.00
8/18/2026, 11:31:43 PM
2026-09-18
$85.00
8/18/2026, 11:31:43 PM
2026-10-16
$85.00
8/18/2026, 11:31:43 PM
2026-12-18
$80.00
8/18/2026, 11:31:43 PM
2027-01-15
$85.00
8/18/2026, 11:31:43 PM
2027-03-19
$90.00
8/18/2026, 11:31:43 PM
Selected expiration: 2026-08-21 at max pain $80.00.
SFM pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
33063500
33063500
50
6000
22902500
22908500
55
9000
17833000
17842000
60
16000
12814000
12830000
65
24000
8142500
8166500
70
42000
4891000
4933000
75
71500
2644500
2716000
80
466000
977500
1443500
85
1601500
430000
2031500
90
3128000
209500
3337500
95
5492500
44500
5537000
100
8130000
0
8130000
105
11138500
0
11138500
110
14251500
0
14251500
115
17542500
0
17542500
120
21046000
0
21046000
125
24555000
0
24555000
130
28066500
0
28066500
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.