This page reflects SMTC 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 — SMTC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $120.00 (15.23 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$9.85
±7.3%
Days to Expiry
3
Calendar days
Total Call OI
14,767
Nearest expiry
Total Put OI
3,290
Nearest expiry
P/C OI Ratio
0.22
Put-heavy
Spot Price
$135.23
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
$125.00
6/18/2026, 11:26:43 PM
2026-07-17
$140.00
7/17/2026, 11:37:12 PM
2026-08-21NextUpdated
$120.00
8/18/2026, 11:32:24 PM
2026-09-18
$125.00
8/18/2026, 11:32:24 PM
2026-10-16
$125.00
8/18/2026, 11:32:24 PM
2026-11-20
$140.00
8/18/2026, 11:32:24 PM
2026-12-18
$90.00
8/18/2026, 11:32:24 PM
2027-01-15
$70.00
8/18/2026, 11:32:24 PM
2027-03-19
$100.00
8/18/2026, 11:32:24 PM
Selected expiration: 2026-08-21 at max pain $120.00.
SMTC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
18912500
18912500
70
0
17269500
17269500
75
0
15629500
15629500
80
1000
14017000
14018000
85
2500
12514500
12517000
90
5500
11033000
11038500
95
45500
9656000
9701500
100
88500
8298500
8387000
105
162000
6966000
7128000
110
238500
5783000
6021500
115
927500
4684500
5612000
120
1675000
3649000
5324000
125
3061000
2727500
5788500
130
4472000
2013500
6485500
135
7100000
1531500
8631500
140
9820500
1116500
10937000
145
13742000
767500
14509500
150
17739500
571500
18311000
155
22132500
433500
22566000
160
27110500
315500
27426000
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.