This page reflects STT 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 — STT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $170.00 (21.87 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$170.00
Nearest expiry
Expected Move
±$4.17
±2.2%
Days to Expiry
3
Calendar days
Total Call OI
4,682
Nearest expiry
Total Put OI
2,149
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$191.87
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
$140.00
6/18/2026, 11:34:17 PM
2026-07-17
$180.00
7/17/2026, 11:36:28 PM
2026-08-21NextUpdated
$170.00
8/18/2026, 11:31:32 PM
2026-09-18
$165.00
8/18/2026, 11:31:32 PM
2026-11-20
$190.00
8/18/2026, 11:31:32 PM
2026-12-18
$150.00
8/18/2026, 11:31:32 PM
2027-01-15
$140.00
8/18/2026, 11:31:32 PM
2027-02-19
$155.00
8/18/2026, 11:31:32 PM
2027-03-19
$160.00
8/18/2026, 11:31:32 PM
2027-06-17
$180.00
8/18/2026, 11:31:32 PM
Selected expiration: 2026-08-21 at max pain $170.00.
STT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
18566000
18566000
80
0
17494000
17494000
85
0
16425000
16425000
90
0
15357000
15357000
95
0
14294500
14294500
100
0
13242500
13242500
105
500
12201500
12202000
110
1000
11173500
11174500
115
2000
10155500
10157500
120
4000
9145000
9149000
125
18000
8180000
8198000
130
48500
7246000
7294500
135
95500
6316500
6412000
140
168500
5404000
5572500
145
255000
4519000
4774000
150
371500
3650000
4021500
155
530500
2888000
3418500
160
705000
2139000
2844000
165
1180000
1509500
2689500
170
1693500
976500
2670000
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.