This page reflects SNPS 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 — SNPS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $400.00 (4.41 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$400.00
Nearest expiry
Expected Move
±$14.50
±3.6%
Days to Expiry
3
Calendar days
Total Call OI
9,461
Nearest expiry
Total Put OI
5,663
Nearest expiry
P/C OI Ratio
0.60
Put-heavy
Spot Price
$404.41
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
$390.00
8/7/2026, 11:32:49 PM
2026-08-14
$400.00
8/14/2026, 11:37:15 PM
2026-08-21NextUpdated
$400.00
8/18/2026, 11:29:59 PM
2026-08-28
$415.00
8/18/2026, 11:29:59 PM
2026-09-04
$405.00
8/18/2026, 11:29:59 PM
2026-09-11
$400.00
8/18/2026, 11:29:59 PM
2026-09-18
$420.00
8/18/2026, 11:29:59 PM
2026-09-25
$400.00
8/18/2026, 11:29:59 PM
2026-10-02
$340.00
8/18/2026, 11:29:59 PM
2026-10-16
$420.00
8/18/2026, 11:29:59 PM
2026-11-20
$400.00
8/18/2026, 11:29:59 PM
2026-12-18
$430.00
8/18/2026, 11:29:59 PM
2027-01-15
$490.00
8/18/2026, 11:29:59 PM
2027-03-19
$470.00
8/18/2026, 11:29:59 PM
2027-06-17
$420.00
8/18/2026, 11:29:59 PM
Selected expiration: 2026-08-21 at max pain $400.00.
SNPS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
270
0
61674500
61674500
280
0
56014500
56014500
290
0
50355500
50355500
300
0
44707500
44707500
305
1500
41935000
41936500
310
3000
39166500
39169500
315
5500
36415500
36421000
320
8000
33667000
33675000
325
10500
30944000
30954500
330
13000
28262500
28275500
335
16500
25653000
25669500
340
20000
23068000
23088000
345
26500
20638000
20664500
347.5
30250
19507750
19538000
350
34000
18380500
18414500
352.5
38000
17325000
17363000
355
42000
16272250
16314250
357.5
46000
15236500
15282500
360
50000
14204000
14254000
362.5
56750
13231250
13288000
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.