This page reflects STUB 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 — STUB
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $7.00 (0.13 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$7.00
Nearest expiry
Expected Move
±$0.35
±4.9%
Days to Expiry
3
Calendar days
Total Call OI
36,660
Nearest expiry
Total Put OI
6,152
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$7.13
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
2026-08-07
$7.00
8/7/2026, 11:33:48 PM
2026-08-14
$7.00
8/14/2026, 11:38:32 PM
2026-08-21NextUpdated
$7.00
8/18/2026, 11:34:03 PM
2026-08-28
$7.00
8/18/2026, 11:34:03 PM
2026-09-04
$7.00
8/18/2026, 11:34:03 PM
2026-09-11
$8.50
8/18/2026, 11:34:03 PM
2026-09-18
$7.50
8/18/2026, 11:34:03 PM
2026-09-25
$8.00
8/18/2026, 11:34:03 PM
2026-10-02
$8.00
8/18/2026, 11:34:03 PM
2026-10-16
$7.50
8/18/2026, 11:34:03 PM
2026-11-20
$7.50
8/18/2026, 11:34:03 PM
2026-12-18
$12.50
8/18/2026, 11:34:03 PM
2027-01-15
$7.50
8/18/2026, 11:34:03 PM
Selected expiration: 2026-08-21 at max pain $7.00.
STUB pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
3011350
3011350
3
1250
2734600
2735850
4
50050
2181100
2231150
5
145250
1627600
1772850
6.5
798200
861850
1660050
7
1018550
607950
1626500
7.5
1245550
413200
1658750
8
1576500
315250
1891750
8.5
2201300
271400
2472700
9
3045600
240500
3286100
9.5
3987350
214450
4201800
10
5132200
191550
5323750
10.5
6545150
179550
6724700
11
7964500
167650
8132150
11.5
9386100
155750
9541850
12
10816600
143850
10960450
12.5
12253550
132200
12385750
13
13866950
125300
13992250
13.5
15480350
118800
15599150
14
17093750
112450
17206200
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.