This page reflects SONO 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 — SONO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $15.00 (0.79 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$1.02
±6.5%
Days to Expiry
3
Calendar days
Total Call OI
806
Nearest expiry
Total Put OI
735
Nearest expiry
P/C OI Ratio
0.91
Put-heavy
Spot Price
$15.79
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
$15.00
6/18/2026, 11:31:30 PM
2026-07-17
$12.50
7/17/2026, 11:34:52 PM
2026-08-21NextUpdated
$15.00
8/18/2026, 11:39:25 PM
2026-09-18
$15.00
8/18/2026, 11:39:25 PM
2026-10-16
$12.50
8/18/2026, 11:39:25 PM
2026-12-18
$12.50
8/18/2026, 11:39:25 PM
2027-01-15
$12.50
8/18/2026, 11:39:25 PM
Selected expiration: 2026-08-21 at max pain $15.00.
SONO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
916500
916500
5
1250
732750
734000
10
4750
365250
370000
12.5
6750
207000
213750
15
14000
92000
106000
17.5
119250
500
119750
20
289250
0
289250
22.5
490750
0
490750
25
692250
0
692250
30
1095250
0
1095250
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.