This page reflects SIG 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 — SIG
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $92.00 (7.24 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$92.00
Nearest expiry
Expected Move
±$3.22
±3.8%
Days to Expiry
3
Calendar days
Total Call OI
551
Nearest expiry
Total Put OI
1,997
Nearest expiry
P/C OI Ratio
3.62
Put-heavy
Spot Price
$84.76
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
$94.00
8/7/2026, 11:31:37 PM
2026-08-14
$94.00
8/14/2026, 11:32:41 PM
2026-08-21NextUpdated
$92.00
8/18/2026, 11:29:00 PM
2026-08-28
$91.00
8/18/2026, 11:29:00 PM
2026-09-04
$95.00
8/18/2026, 11:29:00 PM
2026-09-11
$90.00
8/18/2026, 11:29:00 PM
2026-09-18
$90.00
8/18/2026, 11:29:00 PM
2026-09-25
$85.00
8/18/2026, 11:29:00 PM
2026-10-16
$95.00
8/18/2026, 11:29:00 PM
2027-01-15
$80.00
8/18/2026, 11:29:00 PM
Selected expiration: 2026-08-21 at max pain $92.00.
SIG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
3878400
3878400
60
0
3005400
3005400
65
500
2135400
2135900
70
1000
1571900
1572900
75
1500
1057900
1059400
79
1900
653100
655000
80
2000
552000
554000
81
2700
469100
471800
82
3900
387300
391200
84
6300
239300
245600
85
7500
169400
176900
86
10400
139300
149700
87
13300
112100
125400
88
16400
85800
102200
89
19600
60700
80300
90
23400
36300
59700
91
29500
22800
52300
92
35800
10800
46600
93
42300
6900
49200
94
49100
3700
52800
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.