Strategy Inc - 10.00% Series A Close $68.42EOD only
Max Pain
$65.00
Next expiry Aug 21, 2026
Expected Move
±$1.30
1.9% from close
Price Gap
-3.42
Distance to max pain
IV Rank
44
Middle-high premium
P/C OI
0.41
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 2026 close
End-of-day snapshot
This page reflects STRD 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 — STRD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $65.00 (3.42 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$65.00
Nearest expiry
Expected Move
±$1.30
±1.9%
Days to Expiry
3
Calendar days
Total Call OI
871
Nearest expiry
Total Put OI
624
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$68.42
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
$75.00
6/18/2026, 11:33:08 PM
2026-07-17
$65.00
7/17/2026, 11:31:54 PM
2026-08-21NextUpdated
$65.00
8/18/2026, 11:35:43 PM
2026-09-18
$60.00
8/18/2026, 11:35:43 PM
2026-11-20
$60.00
8/18/2026, 11:35:43 PM
2027-02-19
$60.00
8/18/2026, 11:35:43 PM
Selected expiration: 2026-08-21 at max pain $65.00.
STRD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
1041500
1041500
50
1000
500500
501500
55
2000
343500
345500
60
4500
195000
199500
65
75500
121500
197000
70
210500
63000
273500
75
386500
16000
402500
80
599000
500
599500
85
939500
0
939500
90
1302500
0
1302500
95
1730500
0
1730500
100
2159500
0
2159500
110
3022500
0
3022500
115
3469000
0
3469000
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.