This page reflects TMC 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 — TMC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $4.00 (0.08 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$4.00
Nearest expiry
Expected Move
±$0.31
±7.9%
Days to Expiry
3
Calendar days
Total Call OI
131,823
Nearest expiry
Total Put OI
22,698
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$3.92
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
$3.50
8/7/2026, 11:34:39 PM
2026-08-14
$4.00
8/14/2026, 11:33:50 PM
2026-08-21NextUpdated
$4.00
8/18/2026, 11:40:55 PM
2026-08-28
$1.00
8/18/2026, 11:40:55 PM
2026-09-04
$3.50
8/18/2026, 11:40:55 PM
2026-09-11
$4.00
8/18/2026, 11:40:55 PM
2026-09-18
$4.00
8/18/2026, 11:40:55 PM
2026-09-25
$1.00
8/18/2026, 11:40:55 PM
2026-10-02
$0.50
8/18/2026, 11:40:55 PM
2026-11-20
$4.00
8/18/2026, 11:40:55 PM
2027-01-15
$2.50
8/18/2026, 11:40:55 PM
2027-02-19
$3.00
8/18/2026, 11:40:55 PM
Selected expiration: 2026-08-21 at max pain $4.00.
TMC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
8232300
8232300
1
1250
7097400
7098650
1.5
3250
5964150
5967400
2
5500
4830900
4836400
2.5
10300
3699050
3709350
3
16150
2567900
2584050
3.5
40850
1519350
1560200
4
75100
503500
578600
4.5
265250
349950
615200
5
611000
215500
826500
5.5
1294300
146100
1440400
6
2077850
77100
2154950
6.5
3356100
46400
3402500
7
4687250
15700
4702950
7.5
6988250
10650
6998900
8
9289450
5600
9295050
9
17045750
600
17046350
10
25467650
300
25467950
11
35640650
0
35640650
12
46620750
0
46620750
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.