This page reflects TIGR 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 — TIGR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $5.00 (0.22 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$5.00
Nearest expiry
Expected Move
±$0.25
±5.2%
Days to Expiry
3
Calendar days
Total Call OI
9,059
Nearest expiry
Total Put OI
3,045
Nearest expiry
P/C OI Ratio
0.34
Put-heavy
Spot Price
$4.78
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
$1.50
8/7/2026, 11:35:28 PM
2026-08-14
$1.00
8/14/2026, 11:41:28 PM
2026-08-21NextUpdated
$5.00
8/18/2026, 11:32:17 PM
2026-08-28
$1.00
8/18/2026, 11:32:17 PM
2026-09-04
$4.50
8/18/2026, 11:32:17 PM
2026-09-11
$4.50
8/18/2026, 11:32:17 PM
2026-09-18
$5.00
8/18/2026, 11:32:17 PM
2026-09-25
$1.00
8/18/2026, 11:32:17 PM
2026-10-02
$0.50
8/18/2026, 11:32:17 PM
2026-10-16
$6.00
8/18/2026, 11:32:17 PM
2027-01-15
$7.00
8/18/2026, 11:32:17 PM
Selected expiration: 2026-08-21 at max pain $5.00.
TIGR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
1234200
1234200
1
700
1081950
1082650
1.5
1650
929750
931400
2
2800
777550
780350
3
5600
473150
478750
4
9600
169750
179350
4.5
12400
75300
87700
5
21150
12050
33200
5.5
273450
6750
280200
6
644700
5100
649800
6.5
1089800
3700
1093500
7
1534950
2300
1537250
7.5
1981300
1000
1982300
8
2427650
0
2427650
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.