This page reflects SOUN 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 — SOUN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $8.00 (1.01 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.00
Nearest expiry
Expected Move
±$0.38
±5.4%
Days to Expiry
3
Calendar days
Total Call OI
125,111
Nearest expiry
Total Put OI
82,341
Nearest expiry
P/C OI Ratio
0.66
Put-heavy
Spot Price
$6.99
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
$6.50
8/7/2026, 11:36:07 PM
2026-08-14
$7.50
8/14/2026, 11:37:12 PM
2026-08-21NextUpdated
$8.00
8/18/2026, 11:31:55 PM
2026-08-28
$7.00
8/18/2026, 11:31:55 PM
2026-09-04
$7.50
8/18/2026, 11:31:55 PM
2026-09-11
$7.50
8/18/2026, 11:31:55 PM
2026-09-18
$7.00
8/18/2026, 11:31:55 PM
2026-09-25
$7.00
8/18/2026, 11:31:55 PM
2026-10-02
$8.00
8/18/2026, 11:31:55 PM
2026-10-16
$8.00
8/18/2026, 11:31:55 PM
2027-01-15
$7.00
8/18/2026, 11:31:55 PM
Selected expiration: 2026-08-21 at max pain $8.00.
SOUN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
50901250
50901250
2
1400
42667350
42668750
2.5
3550
38551600
38555150
3
6100
34436100
34442200
3.5
12550
30324400
30336950
4
19100
26212950
26232050
4.5
26400
22266600
22293000
5
33800
18379200
18413000
5.5
52550
14974350
15026900
6
74150
11618700
11692850
6.5
220000
8485350
8705350
7
419850
5568050
5987900
7.5
1202600
2954200
4156800
8
2826450
428850
3255300
8.5
7321950
337100
7659050
9
12056150
261050
12317200
9.5
17209450
204550
17414000
10
22436200
170700
22606900
10.5
28357450
145250
28502700
11
34314400
120250
34434650
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.