This page reflects SITM 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 — SITM
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $600.00 (80.06 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$600.00
Nearest expiry
Expected Move
±$43.00
±6.3%
Days to Expiry
3
Calendar days
Total Call OI
3,065
Nearest expiry
Total Put OI
2,605
Nearest expiry
P/C OI Ratio
0.85
Put-heavy
Spot Price
$680.06
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
$720.00
6/18/2026, 11:31:23 PM
2026-07-17
$640.00
7/17/2026, 11:34:24 PM
2026-08-21NextUpdated
$600.00
8/18/2026, 11:40:41 PM
2026-09-18
$570.00
8/18/2026, 11:40:41 PM
2026-11-20
$550.00
8/18/2026, 11:40:41 PM
2026-12-18
$720.00
8/18/2026, 11:40:41 PM
2027-02-19
$600.00
8/18/2026, 11:40:41 PM
Selected expiration: 2026-08-21 at max pain $600.00.
SITM pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
170
0
91040000
91040000
175
1500
89743500
89745000
180
5500
88447500
88453000
185
10000
87152500
87162500
190
14500
85870500
85885000
195
21000
84588500
84609500
200
28000
83313000
83341000
210
43000
80766000
80809000
220
58000
78219000
78277000
230
74000
75674000
75748000
240
97000
73132000
73229000
250
122000
70590000
70712000
260
149000
68063000
68212000
270
178000
65537000
65715000
280
209000
63027000
63236000
290
246000
60558000
60804000
300
295000
58096000
58391000
310
359000
55651000
56010000
320
423000
53217000
53640000
330
487000
50806000
51293000
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.