This page reflects SII 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 — SII
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $110.00 (7.60 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$110.00
Nearest expiry
Expected Move
±$4.92
±4.2%
Days to Expiry
3
Calendar days
Total Call OI
2,373
Nearest expiry
Total Put OI
577
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$117.60
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
$150.00
6/18/2026, 11:31:35 PM
2026-07-17
$110.00
7/17/2026, 11:29:30 PM
2026-08-21NextUpdated
$110.00
8/18/2026, 11:31:10 PM
2026-09-18
$115.00
8/18/2026, 11:31:10 PM
2026-11-20
$130.00
8/18/2026, 11:31:10 PM
2027-01-15
$110.00
8/18/2026, 11:31:10 PM
2027-02-19
$130.00
8/18/2026, 11:31:10 PM
2027-03-19
$120.00
8/18/2026, 11:31:10 PM
Selected expiration: 2026-08-21 at max pain $110.00.
SII pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
3659500
3659500
55
500
3371000
3371500
60
6000
3082500
3088500
65
11500
2794500
2806000
70
17000
2507500
2524500
75
23000
2221500
2244500
80
29000
1942500
1971500
85
36000
1666000
1702000
90
43000
1391500
1434500
95
50000
1128500
1178500
100
73500
888500
962000
105
108000
680500
788500
110
157000
490000
647000
115
336500
316500
653000
120
580000
171500
751500
125
891000
87500
978500
130
1253500
25500
1279000
135
1777500
15000
1792500
140
2321000
9000
2330000
145
3329500
5500
3335000
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.