This page reflects TMO 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 — TMO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $550.00 (39.04 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$550.00
Nearest expiry
Expected Move
±$12.65
±2.1%
Days to Expiry
3
Calendar days
Total Call OI
6,274
Nearest expiry
Total Put OI
4,511
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$589.04
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
$570.00
8/7/2026, 11:33:45 PM
2026-08-14
$590.00
8/14/2026, 11:33:56 PM
2026-08-21NextUpdated
$550.00
8/18/2026, 11:34:58 PM
2026-08-28
$570.00
8/18/2026, 11:34:58 PM
2026-09-04
$600.00
8/18/2026, 11:34:58 PM
2026-09-11
$550.00
8/18/2026, 11:34:58 PM
2026-09-18
$520.00
8/18/2026, 11:34:58 PM
2026-09-25
$600.00
8/18/2026, 11:34:58 PM
2026-10-16
$590.00
8/18/2026, 11:34:58 PM
2026-11-20
$590.00
8/18/2026, 11:34:58 PM
2026-12-18
$530.00
8/18/2026, 11:34:58 PM
2027-01-15
$510.00
8/18/2026, 11:34:58 PM
2027-03-19
$500.00
8/18/2026, 11:34:58 PM
2027-06-17
$570.00
8/18/2026, 11:34:58 PM
Selected expiration: 2026-08-21 at max pain $550.00.
TMO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
330
0
76991750
76991750
340
0
72835750
72835750
350
0
68685750
68685750
360
0
64676750
64676750
370
0
60907750
60907750
380
0
57140750
57140750
400
0
49616750
49616750
410
0
45857750
45857750
420
0
42174750
42174750
430
0
38567750
38567750
440
0
35019750
35019750
450
0
31520750
31520750
460
15000
28074750
28089750
465
25000
26374750
26399750
470
35000
24701250
24736250
475
48500
23101750
23150250
480
62000
21509750
21571750
485
78000
19939250
20017250
490
94000
18370750
18464750
495
162000
16830750
16992750
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.