This page reflects TKO 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 — TKO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $190.00 (2.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$190.00
Nearest expiry
Expected Move
±$5.85
±3.0%
Days to Expiry
3
Calendar days
Total Call OI
1,498
Nearest expiry
Total Put OI
1,146
Nearest expiry
P/C OI Ratio
0.77
Put-heavy
Spot Price
$192.11
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
$200.00
6/18/2026, 11:32:02 PM
2026-07-17
$190.00
7/17/2026, 11:37:11 PM
2026-08-21NextUpdated
$190.00
8/18/2026, 11:41:00 PM
2026-09-18
$190.00
8/18/2026, 11:41:00 PM
2026-10-16
$180.00
8/18/2026, 11:41:00 PM
2027-01-15
$165.00
8/18/2026, 11:41:00 PM
Selected expiration: 2026-08-21 at max pain $190.00.
TKO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
135
0
4272000
4272000
140
1500
3699000
3700500
145
3500
3132000
3135500
150
6000
2570500
2576500
155
9000
2012500
2021500
160
12000
1481500
1493500
165
15000
979000
994000
170
18000
558000
576000
175
21000
393500
414500
180
24500
245500
270000
185
46000
155000
201000
190
95500
87000
182500
195
217500
36000
253500
200
366000
2000
368000
210
1186000
0
1186000
220
2221000
0
2221000
230
3481000
0
3481000
240
4872000
0
4872000
250
6268000
0
6268000
270
9148000
0
9148000
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.