This page reflects TMDX 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 — TMDX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $80.00 (10.69 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$3.58
±3.9%
Days to Expiry
3
Calendar days
Total Call OI
9,100
Nearest expiry
Total Put OI
15,241
Nearest expiry
P/C OI Ratio
1.67
Put-heavy
Spot Price
$90.69
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
$70.00
6/18/2026, 11:34:15 PM
2026-07-17
$75.00
7/17/2026, 11:38:46 PM
2026-08-21NextUpdated
$80.00
8/18/2026, 11:29:42 PM
2026-09-18
$80.00
8/18/2026, 11:29:42 PM
2026-10-16
$75.00
8/18/2026, 11:29:42 PM
2026-12-18
$90.00
8/18/2026, 11:29:42 PM
2027-01-15
$65.00
8/18/2026, 11:29:42 PM
Selected expiration: 2026-08-21 at max pain $80.00.
TMDX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
40726000
40726000
45
0
33162000
33162000
50
2000
25663000
25665000
55
21000
18491000
18512000
60
40000
11451500
11491500
65
61000
5391000
5452000
70
91000
2092500
2183500
75
147500
299000
446500
80
253000
66500
319500
85
1885500
31500
1917000
90
4000500
16000
4016500
95
6753000
7500
6760500
100
10314500
0
10314500
105
14243500
0
14243500
110
18462500
0
18462500
115
22905500
0
22905500
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.