This page reflects TD 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 — TD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $120.00 (1.97 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$120.00
Nearest expiry
Expected Move
±$2.27
±1.9%
Days to Expiry
3
Calendar days
Total Call OI
6,420
Nearest expiry
Total Put OI
5,373
Nearest expiry
P/C OI Ratio
0.84
Put-heavy
Spot Price
$121.97
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
$110.00
6/18/2026, 11:34:20 PM
2026-07-17
$120.00
7/17/2026, 11:33:30 PM
2026-08-21NextUpdated
$120.00
8/18/2026, 11:36:05 PM
2026-09-18
$125.00
8/18/2026, 11:36:05 PM
2026-10-16
$110.00
8/18/2026, 11:36:05 PM
2027-01-15
$95.00
8/18/2026, 11:36:05 PM
Selected expiration: 2026-08-21 at max pain $120.00.
TD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
65
0
29433000
29433000
80
0
21375000
21375000
85
0
18690500
18690500
90
0
16007500
16007500
95
1500
13324500
13326000
100
3000
10645500
10648500
105
6000
7971000
7977000
110
59000
5362500
5421500
115
318000
3123500
3441500
120
686000
1078500
1764500
125
1969500
0
1969500
130
4509000
0
4509000
135
7644000
0
7644000
140
10828500
0
10828500
160
23568500
0
23568500
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.