Nearest listed expiration 2026-08-21 shows max pain at $860.00 (27.44 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$860.00
Nearest expiry
Expected Move
±$43.70
±5.3%
Days to Expiry
2
Calendar days
Total Call OI
24,554
Nearest expiry
Total Put OI
21,511
Nearest expiry
P/C OI Ratio
0.88
Put-heavy
Spot Price
$832.56
Published close
Consensus
5.5/10
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
$840.00
8/7/2026, 11:35:35 PM
2026-08-14
$845.00
8/14/2026, 11:34:18 PM
2026-08-21NextUpdated
$860.00
8/19/2026, 11:39:40 PM
2026-08-28
$895.00
8/19/2026, 11:39:40 PM
2026-09-04
$875.00
8/19/2026, 11:39:40 PM
2026-09-11
$960.00
8/19/2026, 11:39:40 PM
2026-09-18
$710.00
8/19/2026, 11:39:40 PM
2026-09-25
$950.00
8/19/2026, 11:39:40 PM
2026-10-02
$950.00
8/19/2026, 11:39:40 PM
2026-10-16
$850.00
8/19/2026, 11:39:40 PM
2026-11-20
$850.00
8/19/2026, 11:39:40 PM
2026-12-18
$630.00
8/19/2026, 11:39:40 PM
2027-01-15
$330.00
8/19/2026, 11:39:40 PM
2027-03-19
$840.00
8/19/2026, 11:39:40 PM
2027-06-17
$670.00
8/19/2026, 11:39:40 PM
Selected expiration: 2026-08-21 at max pain $860.00.
STX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
400
0
742516000
742516000
410
5000
721106000
721111000
420
17000
699733000
699750000
430
34000
678365000
678399000
440
54000
657099000
657153000
450
77000
635871000
635948000
460
116000
614771000
614887000
470
166000
593915000
594081000
480
219000
573083000
573302000
490
275000
552301000
552576000
500
341000
531636000
531977000
510
421000
511134000
511555000
520
508000
490656000
491164000
530
628000
470314000
470942000
540
755000
450309000
451064000
550
946000
430497000
431443000
560
1174000
411261000
412435000
570
1416000
392436000
393852000
580
1670000
373851000
375521000
590
1934000
355534000
357468000
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.