This page reflects SKY 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 — SKY
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $80.00 (10.86 below 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
±$3.35
±3.7%
Days to Expiry
3
Calendar days
Total Call OI
1,484
Nearest expiry
Total Put OI
648
Nearest expiry
P/C OI Ratio
0.44
Put-heavy
Spot Price
$90.86
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
$65.00
6/18/2026, 11:30:50 PM
2026-07-17
$80.00
7/17/2026, 11:34:40 PM
2026-08-21NextUpdated
$80.00
8/18/2026, 11:37:45 PM
2026-09-18
$95.00
8/18/2026, 11:37:45 PM
2026-11-20
$80.00
8/18/2026, 11:37:45 PM
2027-02-19
$60.00
8/18/2026, 11:37:45 PM
Selected expiration: 2026-08-21 at max pain $80.00.
SKY pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
2103000
2103000
45
500
1779000
1779500
50
1000
1455000
1456000
55
1500
1132500
1134000
60
2000
812000
814000
65
9500
495500
505000
70
17000
313500
330500
75
28500
145500
174000
80
45000
60000
105000
85
133000
35500
168500
90
250500
15500
266000
95
439000
1500
440500
100
937500
0
937500
105
1637500
0
1637500
110
2341000
0
2341000
115
3053500
0
3053500
125
4479500
0
4479500
130
5193000
0
5193000
135
5907000
0
5907000
140
6622500
0
6622500
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.