This page reflects SLDP 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 — SLDP
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $2.50 (0.24 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$2.50
Nearest expiry
Expected Move
±$0.28
±12.2%
Days to Expiry
3
Calendar days
Total Call OI
5,499
Nearest expiry
Total Put OI
1,966
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$2.26
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
$3.00
6/18/2026, 11:29:52 PM
2026-07-17
$2.50
7/17/2026, 11:33:44 PM
2026-08-21NextUpdated
$2.50
8/18/2026, 11:30:04 PM
2026-09-18
$1.50
8/18/2026, 11:30:04 PM
2026-11-20
$3.00
8/18/2026, 11:30:04 PM
2027-01-15
$2.50
8/18/2026, 11:30:04 PM
2027-02-19
$0.50
8/18/2026, 11:30:04 PM
Selected expiration: 2026-08-21 at max pain $2.50.
SLDP pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
347750
347750
1
400
249450
249850
1.5
2550
151300
153850
2
6450
53250
59700
2.5
19550
17900
37450
3
100300
9800
110100
3.5
216800
3350
220150
4
348250
2900
351150
4.5
505700
2450
508150
5
690900
2000
692900
5.5
908900
1600
910500
7.5
1822100
0
1822100
10
3098100
0
3098100
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.