Nearest listed expiration 2026-08-19 shows max pain at $58.00 (1.57 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$58.00
Nearest expiry
Expected Move
±$1.38
±2.3%
Days to Expiry
2
Calendar days
Total Call OI
9,381
Nearest expiry
Total Put OI
4,426
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$59.57
Published close
Consensus
6.5/10
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-19
Expiration
Max Pain Strike
Last Updated
2026-08-14
$56.00
8/14/2026, 11:34:17 PM
2026-08-17Updated
$56.50
8/17/2026, 11:40:35 PM
2026-08-19Next
$58.00
8/17/2026, 11:40:35 PM
2026-08-21
$56.00
8/17/2026, 11:40:35 PM
2026-08-24
$58.50
8/17/2026, 11:40:35 PM
2026-08-26
$58.00
8/17/2026, 11:40:35 PM
2026-08-28
$55.00
8/17/2026, 11:40:35 PM
2026-09-04
$54.50
8/17/2026, 11:40:35 PM
2026-09-11
$55.00
8/17/2026, 11:40:35 PM
2026-09-18
$60.00
8/17/2026, 11:40:35 PM
2026-09-25
$58.00
8/17/2026, 11:40:35 PM
2026-09-30
$62.50
8/17/2026, 11:40:35 PM
2026-10-02
$58.50
8/17/2026, 11:40:35 PM
2026-10-16
$55.00
8/17/2026, 11:40:35 PM
2026-11-20
$60.00
8/17/2026, 11:40:35 PM
2026-12-18
$60.00
8/17/2026, 11:40:35 PM
2026-12-31
$65.50
8/17/2026, 11:40:35 PM
2027-01-15
$57.50
8/17/2026, 11:40:35 PM
2027-03-19
$60.00
8/17/2026, 11:40:35 PM
2027-03-31
$55.00
8/17/2026, 11:40:35 PM
2027-06-17
$58.00
8/17/2026, 11:40:35 PM
2027-06-30
$51.00
8/17/2026, 11:40:35 PM
Selected expiration: 2026-08-19 at max pain $58.00.
SLV pain by strike for 2026-08-19 expiration
Strike
Call Pain
Put Pain
Total Pain
31
0
10379750
10379750
32
0
9937750
9937750
33
0
9496150
9496150
34
0
9054550
9054550
36
0
8171750
8171750
37
0
7730750
7730750
38
0
7289950
7289950
39
0
6849350
6849350
40
0
6410150
6410150
41
0
5972950
5972950
42
200
5536750
5536950
43
3500
5101350
5104850
44
8500
4667550
4676050
45
13700
4234450
4248150
45.5
16800
4019200
4036000
46
19900
3804550
3824450
46.5
23300
3590900
3614200
47
28300
3378000
3406300
47.5
36400
3167450
3203850
48
45650
2959050
3004700
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.