This page reflects SLVM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — SLVM
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $42.50 (5.33 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.50
Nearest expiry
Expected Move
±$0.95
±2.6%
Days to Expiry
2
Calendar days
Total Call OI
323
Nearest expiry
Total Put OI
422
Nearest expiry
P/C OI Ratio
1.31
Put-heavy
Spot Price
$37.17
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
$40.00
6/18/2026, 11:32:26 PM
2026-07-17
$37.50
7/17/2026, 11:37:33 PM
2026-08-21NextUpdated
$42.50
8/19/2026, 11:34:25 PM
2026-09-18
$40.00
8/19/2026, 11:34:25 PM
2026-11-20
$40.00
8/19/2026, 11:34:25 PM
2027-02-19
$40.00
8/19/2026, 11:34:25 PM
Selected expiration: 2026-08-21 at max pain $42.50.
SLVM pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
843250
843250
25
0
632750
632750
27.5
0
527500
527500
30
0
422250
422250
32.5
0
320000
320000
35
0
221000
221000
37.5
2500
132000
134500
40
20250
54000
74250
42.5
58750
3250
62000
45
110000
2500
112500
47.5
171750
2000
173750
50
236750
1500
238250
52.5
305250
1000
306250
55
377000
500
377500
57.5
456750
0
456750
60
537000
0
537000
65
697500
0
697500
70
859000
0
859000
75
1020500
0
1020500
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.