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SPOT

Spotify Technology S.A.Close $516.28EOD only
Max Pain
$477.50
Next expiry Aug 21, 2026
Expected Move
±$16.98
3.3% from close
Price Gap
-38.78
Distance to max pain
IV Rank
7
Low premium
P/C OI
0.97
Balanced positioning
Consensus
4/4
Partial coverage
Published snapshot: Aug 18, 2026 close
End-of-day snapshot

This page reflects SPOT 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 — SPOT
Data as of market close Aug 18, 2026
Open Available Reports (4/4)

Nearest listed expiration 2026-08-21 shows max pain at $477.50 (38.78 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$477.50
Nearest expiry
Expected Move
±$16.98
±3.3%
Days to Expiry
3
Calendar days
Total Call OI
25,771
Nearest expiry
Total Put OI
17,672
Nearest expiry
P/C OI Ratio
0.69
Put-heavy
Spot Price
$516.28
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-08-21
ExpirationMax Pain StrikeLast Updated
2026-08-07$490.008/7/2026, 11:34:13 PM
2026-08-14$500.008/14/2026, 11:33:44 PM
2026-08-21NextUpdated$477.508/18/2026, 11:41:49 PM
2026-08-28$500.008/18/2026, 11:41:49 PM
2026-09-04$490.008/18/2026, 11:41:49 PM
2026-09-11$490.008/18/2026, 11:41:49 PM
2026-09-18$490.008/18/2026, 11:41:49 PM
2026-09-25$540.008/18/2026, 11:41:49 PM
2026-10-02$515.008/18/2026, 11:41:49 PM
2026-10-16$490.008/18/2026, 11:41:49 PM
2026-12-18$500.008/18/2026, 11:41:49 PM
2027-01-15$540.008/18/2026, 11:41:49 PM
2027-03-19$500.008/18/2026, 11:41:49 PM
2027-06-17$500.008/18/2026, 11:41:49 PM
Selected expiration: 2026-08-21 at max pain $477.50.
SPOT pain by strike for 2026-08-21 expiration
StrikeCall PainPut PainTotal Pain
2200398815000398815000
2303000381191000381194000
24015000363594000363609000
25049000346022000346071000
26091000328463000328554000
270140000310970000311110000
280198000293491000293689000
290280000276076000276356000
300396000258733000259129000
310539000241441000241980000
320698000224201000224899000
330881000207026000207907000
3401090000189893000190983000
3501323000174532000175855000
3601595000159321000160916000
3701894000144315000146209000
3802230000129412000131642000
3902607000114648000117255000
3952809500107427500110237000
4003012500100213000103225500
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.