This page reflects SN 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 — SN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $170.00 (12.82 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$170.00
Nearest expiry
Expected Move
±$5.42
±3.0%
Days to Expiry
3
Calendar days
Total Call OI
3,496
Nearest expiry
Total Put OI
7,212
Nearest expiry
P/C OI Ratio
2.06
Put-heavy
Spot Price
$182.82
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
$105.00
6/18/2026, 11:31:39 PM
2026-07-17
$140.00
7/17/2026, 11:37:12 PM
2026-08-21NextUpdated
$170.00
8/18/2026, 11:32:48 PM
2026-09-18
$185.00
8/18/2026, 11:32:48 PM
2026-12-18
$175.00
8/18/2026, 11:32:48 PM
2027-01-15
$120.00
8/18/2026, 11:32:48 PM
2027-03-19
$140.00
8/18/2026, 11:32:48 PM
Selected expiration: 2026-08-21 at max pain $170.00.
SN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
55257500
55257500
70
1000
51753500
51754500
75
2000
48250000
48252000
80
3000
44747000
44750000
85
4000
41307000
41311000
90
5000
38165000
38170000
100
7000
31900000
31907000
105
8500
28772500
28781000
110
11000
25650000
25661000
115
16500
22528000
22544500
120
23000
19411500
19434500
125
30000
16447000
16477000
130
38000
13492000
13530000
135
49000
10571000
10620000
140
76000
7785500
7861500
145
113000
5461500
5574500
150
188000
3294000
3482000
155
354500
1289000
1643500
160
600500
973000
1573500
165
864000
691000
1555000
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.