This page reflects SRAD 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 — SRAD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $15.00 (2.14 above 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
±$0.60
±4.7%
Days to Expiry
3
Calendar days
Total Call OI
25,228
Nearest expiry
Total Put OI
2,973
Nearest expiry
P/C OI Ratio
0.12
Put-heavy
Spot Price
$12.86
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
$12.50
6/18/2026, 11:36:39 PM
2026-07-17
$15.00
7/17/2026, 11:37:17 PM
2026-08-21NextUpdated
$15.00
8/18/2026, 11:30:59 PM
2026-09-18
$12.50
8/18/2026, 11:30:59 PM
2026-11-20
$10.00
8/18/2026, 11:30:59 PM
2026-12-18
$10.00
8/18/2026, 11:30:59 PM
2027-01-15
$15.00
8/18/2026, 11:30:59 PM
2027-02-19
$10.00
8/18/2026, 11:30:59 PM
2027-07-16
$12.50
8/18/2026, 11:30:59 PM
Selected expiration: 2026-08-21 at max pain $15.00.
SRAD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
3095000
3095000
5
250
2354250
2354500
7.5
5750
1613500
1619250
10
14250
1003750
1018000
12.5
175000
461500
636500
15
569500
18250
587750
17.5
2288500
6500
2295000
20
5132750
0
5132750
22.5
9425500
0
9425500
25
13792250
0
13792250
27.5
18418250
0
18418250
30
24255250
0
24255250
32.5
30562000
0
30562000
35
36868750
0
36868750
37.5
43175500
0
43175500
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.