What is SNAP max pain this week?

SNAP max pain for the nearest expiration (2026-08-21) is $5.00. Total call open interest: 76,479. Total put open interest: 35,907.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options SNAPMax Pain

SNAP

Snap Inc.Close $5.24EOD only

Max Pain

$5.00

Next expiry Aug 21, 2026

Expected Move

±$0.28

5.3% from close

Price Gap

-0.24

Distance to max pain

IV Rank

Low premium

P/C OI

0.33

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Aug 19, 2026 close

End-of-day snapshot

This page reflects SNAP 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 — SNAP

Data as of market close Aug 19, 2026

Open Available Reports (4/4)

Nearest listed expiration 2026-08-21 shows max pain at $5.00 (0.24 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$5.00

Nearest expiry

Expected Move

±$0.28

±5.3%

Days to Expiry

Calendar days

Total Call OI

76,479

Nearest expiry

Total Put OI

35,907

Nearest expiry

P/C OI Ratio

0.47

Put-heavy

Spot Price

$5.24

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
2026-08-07	$5.00	8/7/2026, 11:32:18 PM
2026-08-14	$5.00	8/14/2026, 11:34:33 PM
2026-08-21NextUpdated	$5.00	8/19/2026, 11:36:19 PM
2026-08-28	$5.00	8/19/2026, 11:36:19 PM
2026-09-04	$5.00	8/19/2026, 11:36:19 PM
2026-09-11	$4.50	8/19/2026, 11:36:19 PM
2026-09-18	$5.00	8/19/2026, 11:36:19 PM
2026-09-25	$4.50	8/19/2026, 11:36:19 PM
2026-10-02	$5.50	8/19/2026, 11:36:19 PM
2026-10-16	$5.00	8/19/2026, 11:36:19 PM
2027-01-15	$7.00	8/19/2026, 11:36:19 PM

Selected expiration: 2026-08-21 at max pain $5.00.

SNAP pain by strike for 2026-08-21 expiration
Strike	Call Pain	Put Pain	Total Pain
0.5	0	15231450	15231450
1	4650	13436450	13441100
1.5	18450	11641600	11660050
2	38800	9846800	9885600
2.5	64900	8052700	8117600
3	94650	6259350	6354000
3.5	126200	4539850	4666050
4	158150	2831250	2989400
4.5	654350	1326400	1980750
5	1345650	414750	1760400
5.5	2777300	60450	2837750
6	4799100	16750	4815850
6.5	8056800	6550	8063350
7	11446750	2300	11449050
7.5	15134200	1700	15135900
8	18832100	1200	18833300
8.5	22635300	850	22636150
9	26444250	500	26444750
10	34064150	0	34064150

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.