This page reflects SO 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 — SO
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $93.00 (0.81 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$93.00
Nearest expiry
Expected Move
±$0.98
±1.1%
Days to Expiry
2
Calendar days
Total Call OI
15,360
Nearest expiry
Total Put OI
10,976
Nearest expiry
P/C OI Ratio
0.71
Put-heavy
Spot Price
$92.19
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
$93.00
8/7/2026, 11:32:27 PM
2026-08-14
$93.00
8/14/2026, 11:34:47 PM
2026-08-21NextUpdated
$93.00
8/19/2026, 11:33:37 PM
2026-08-28
$93.00
8/19/2026, 11:33:37 PM
2026-09-04
$93.00
8/19/2026, 11:33:37 PM
2026-09-11
$93.00
8/19/2026, 11:33:37 PM
2026-09-18
$95.00
8/19/2026, 11:33:37 PM
2026-09-25
$92.00
8/19/2026, 11:33:37 PM
2026-10-02
$95.00
8/19/2026, 11:33:37 PM
2026-11-20
$95.00
8/19/2026, 11:33:37 PM
2026-12-18
$95.00
8/19/2026, 11:33:37 PM
2027-01-15
$90.00
8/19/2026, 11:33:37 PM
2027-02-19
$92.50
8/19/2026, 11:33:37 PM
2027-03-19
$92.50
8/19/2026, 11:33:37 PM
2027-06-17
$87.50
8/19/2026, 11:33:37 PM
Selected expiration: 2026-08-21 at max pain $93.00.
SO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
44338300
44338300
55
500
38850300
38850800
60
2000
33365800
33367800
65
6500
27888800
27895300
70
11500
22419800
22431300
75
17000
16997800
17014800
77.5
20250
14300550
14320800
80
23750
11612550
11636300
82.5
27500
8932050
8959550
83
28250
8405100
8433350
84
29750
7352500
7382250
85
31250
6302000
6333250
86
32850
5310600
5343450
87
34450
4319500
4353950
87.5
35250
3829450
3864700
88
36050
3355550
3391600
89
37650
2414350
2452000
90
39250
1488950
1528200
91
41350
891850
933200
92
43550
360850
404400
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.