Nearest listed expiration 2026-08-21 shows max pain at $17.00 (1.31 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$17.00
Nearest expiry
Expected Move
±$0.81
±4.4%
Days to Expiry
4
Calendar days
Total Call OI
358,477
Nearest expiry
Total Put OI
168,141
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$18.31
Published close
Consensus
8.0/10
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
$17.50
8/7/2026, 11:38:48 PM
2026-08-14
$17.50
8/14/2026, 11:29:49 PM
2026-08-21NextUpdated
$17.00
8/17/2026, 11:33:11 PM
2026-08-28
$18.00
8/17/2026, 11:33:11 PM
2026-09-04
$18.00
8/17/2026, 11:33:11 PM
2026-09-11
$18.00
8/17/2026, 11:33:11 PM
2026-09-18
$20.00
8/17/2026, 11:33:11 PM
2026-09-25
$18.00
8/17/2026, 11:33:11 PM
2026-10-02
$18.50
8/17/2026, 11:33:11 PM
2026-10-16
$17.00
8/17/2026, 11:33:11 PM
2026-11-20
$17.00
8/17/2026, 11:33:11 PM
2026-12-18
$20.00
8/17/2026, 11:33:11 PM
2027-01-15
$15.00
8/17/2026, 11:33:11 PM
2027-03-19
$17.00
8/17/2026, 11:33:11 PM
2027-06-17
$17.00
8/17/2026, 11:33:11 PM
Selected expiration: 2026-08-21 at max pain $17.00.
SOFI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
238927950
238927950
2
89500
222113950
222203450
3
290500
205300550
205591050
4
492000
188487850
188979850
5
693900
171678850
172372750
6
896800
154898850
155795650
7
1106900
138118850
139225750
8
1318700
121342250
122660950
9
1531900
104620250
106152150
10
1766800
88359450
90126250
11
2035700
73622150
75657850
11.5
2179150
66319850
68499000
12
2323700
59028900
61352600
12.5
2484500
52078600
54563100
13
2648050
45166250
47814300
13.5
2832900
38637200
41470100
14
3018150
32322450
35340600
14.5
3338950
26771500
30110450
15
3675650
21336100
25011750
15.5
4389150
16822150
21211300
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.