This page reflects SMPL 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 — SMPL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $12.50 (1.53 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.50
Nearest expiry
Expected Move
±$1.18
±10.7%
Days to Expiry
3
Calendar days
Total Call OI
1,623
Nearest expiry
Total Put OI
555
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$10.97
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
$12.50
6/18/2026, 11:31:01 PM
2026-07-17
$12.50
7/17/2026, 11:29:44 PM
2026-08-21NextUpdated
$12.50
8/18/2026, 11:35:47 PM
2026-09-18
$12.50
8/18/2026, 11:35:47 PM
2026-11-20
$12.50
8/18/2026, 11:35:47 PM
2027-02-19
$7.50
8/18/2026, 11:35:47 PM
Selected expiration: 2026-08-21 at max pain $12.50.
SMPL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
488000
488000
5
3750
350000
353750
7.5
8000
213000
221000
10
16250
76500
92750
12.5
30250
7250
37500
15
74000
750
74750
17.5
136000
0
136000
20
284000
0
284000
22.5
432000
0
432000
25
585000
0
585000
30
891000
0
891000
35
1198000
0
1198000
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.