Nearest listed expiration 2026-08-21 shows max pain at $128.00 (23.53 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$128.00
Nearest expiry
Expected Move
±$17.00
±11.2%
Days to Expiry
4
Calendar days
Total Call OI
105,849
Nearest expiry
Total Put OI
269,360
Nearest expiry
P/C OI Ratio
2.54
Put-heavy
Spot Price
$151.53
Published close
Consensus
3.5/10
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
$130.00
8/7/2026, 11:35:36 PM
2026-08-14
$140.00
8/14/2026, 11:35:22 PM
2026-08-21NextUpdated
$128.00
8/17/2026, 11:41:28 PM
2026-08-28
$145.00
8/17/2026, 11:41:28 PM
2026-09-04
$140.00
8/17/2026, 11:41:28 PM
2026-09-11
$125.00
8/17/2026, 11:41:28 PM
2026-09-18
$135.00
8/17/2026, 11:41:28 PM
2026-09-25
$135.00
8/17/2026, 11:41:28 PM
2026-10-02
$149.00
8/17/2026, 11:41:28 PM
2026-11-20
$130.00
8/17/2026, 11:41:28 PM
2026-12-18
$130.00
8/17/2026, 11:41:28 PM
2027-01-15
$38.00
8/17/2026, 11:41:28 PM
2027-02-19
$120.00
8/17/2026, 11:41:28 PM
Selected expiration: 2026-08-21 at max pain $128.00.
SOXL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
1486655600
1486655600
21
800
1460953600
1460954400
22
1600
1435818600
1435820200
23
2400
1410900700
1410903100
24
3200
1386029500
1386032700
25
4000
1361223300
1361227300
26
4900
1337064600
1337069500
27
5900
1312967800
1312973700
28
6900
1288962500
1288969400
29
8000
1265023600
1265031600
30
9100
1241199600
1241208700
31
11100
1218282400
1218293500
32
13100
1195509300
1195522400
33
15300
1172914600
1172929900
34
18000
1150442300
1150460300
35
22100
1128051900
1128074000
36
30900
1106444600
1106475500
37
39700
1084907200
1084946900
38
49500
1063543300
1063592800
39
65300
1042271500
1042336800
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.