This page reflects SNX 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 — SNX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $250.00 (9.80 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$250.00
Nearest expiry
Expected Move
±$8.30
±3.2%
Days to Expiry
3
Calendar days
Total Call OI
790
Nearest expiry
Total Put OI
1,064
Nearest expiry
P/C OI Ratio
1.35
Put-heavy
Spot Price
$259.80
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
$220.00
6/18/2026, 11:37:38 PM
2026-07-17
$270.00
7/17/2026, 11:32:45 PM
2026-08-21NextUpdated
$250.00
8/18/2026, 11:41:31 PM
2026-09-18
$220.00
8/18/2026, 11:41:31 PM
2026-10-16
$250.00
8/18/2026, 11:41:31 PM
2026-12-18
$240.00
8/18/2026, 11:41:31 PM
2027-03-19
$220.00
8/18/2026, 11:41:31 PM
Selected expiration: 2026-08-21 at max pain $250.00.
SNX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
175
0
5925500
5925500
185
0
4865500
4865500
190
0
4336000
4336000
195
0
3807000
3807000
200
500
3278000
3278500
210
2500
2244000
2246500
220
4500
1223000
1227500
230
7500
640000
647500
240
11500
98000
109500
250
24500
25000
49500
260
117500
3000
120500
270
280500
1000
281500
280
473500
0
473500
290
1057500
0
1057500
300
1685500
0
1685500
310
2431500
0
2431500
320
3192500
0
3192500
330
3959500
0
3959500
340
4742500
0
4742500
350
5525500
0
5525500
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.