Strategy Inc - Variable Rate SeClose $94.01EOD only
Max Pain
$90.00
Next expiry Aug 21, 2026
Expected Move
±$1.40
1.5% from close
Price Gap
-4.01
Distance to max pain
IV Rank
31
Middle-high premium
P/C OI
0.55
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects STRC 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 — STRC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $90.00 (4.01 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$1.40
±1.5%
Days to Expiry
3
Calendar days
Total Call OI
11,095
Nearest expiry
Total Put OI
7,703
Nearest expiry
P/C OI Ratio
0.69
Put-heavy
Spot Price
$94.01
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
$95.00
6/18/2026, 11:31:54 PM
2026-07-17
$90.00
7/17/2026, 11:38:18 PM
2026-08-21NextUpdated
$90.00
8/18/2026, 11:27:21 PM
2026-09-18
$95.00
8/18/2026, 11:27:21 PM
2026-12-18
$95.00
8/18/2026, 11:27:21 PM
2027-03-19
$85.00
8/18/2026, 11:27:21 PM
Selected expiration: 2026-08-21 at max pain $90.00.
STRC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
26635000
26635000
45
0
22973500
22973500
50
0
19376000
19376000
55
0
15793500
15793500
60
0
12947000
12947000
65
0
10138000
10138000
70
0
7343500
7343500
75
0
4735500
4735500
80
2000
2506500
2508500
85
90000
933000
1023000
90
224000
291500
515500
95
1144000
19000
1163000
100
4510000
0
4510000
105
10001000
0
10001000
110
15543500
0
15543500
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.