This page reflects TMUS 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 — TMUS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $185.00 (2.25 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$185.00
Nearest expiry
Expected Move
±$4.55
±2.5%
Days to Expiry
3
Calendar days
Total Call OI
54,254
Nearest expiry
Total Put OI
12,403
Nearest expiry
P/C OI Ratio
0.23
Put-heavy
Spot Price
$182.75
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
$177.50
8/7/2026, 11:32:38 PM
2026-08-14
$177.50
8/14/2026, 11:39:05 PM
2026-08-21NextUpdated
$185.00
8/18/2026, 11:39:17 PM
2026-08-28
$180.00
8/18/2026, 11:39:17 PM
2026-09-04
$170.00
8/18/2026, 11:39:17 PM
2026-09-11
$175.00
8/18/2026, 11:39:17 PM
2026-09-18
$185.00
8/18/2026, 11:39:17 PM
2026-09-25
$185.00
8/18/2026, 11:39:17 PM
2026-10-02
$175.00
8/18/2026, 11:39:17 PM
2026-10-16
$175.00
8/18/2026, 11:39:17 PM
2026-11-20
$185.00
8/18/2026, 11:39:17 PM
2026-12-18
$185.00
8/18/2026, 11:39:17 PM
2027-01-15
$200.00
8/18/2026, 11:39:17 PM
2027-02-19
$180.00
8/18/2026, 11:39:17 PM
2027-03-19
$185.00
8/18/2026, 11:39:17 PM
2027-06-17
$185.00
8/18/2026, 11:39:17 PM
Selected expiration: 2026-08-21 at max pain $185.00.
TMUS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
90644250
90644250
105
0
84443250
84443250
110
1000
78246750
78247750
115
2000
72050750
72052750
120
3000
65855750
65858750
125
4000
59660750
59664750
130
6500
53471250
53477750
135
9000
47378250
47387250
140
11500
41297250
41308750
145
14500
35248750
35263250
150
19000
29272250
29291250
155
24500
23417750
23442250
157.5
29500
20599000
20628500
160
34500
17793750
17828250
162.5
57000
15210000
15267000
165
79500
12642250
12721750
167.5
125250
10690500
10815750
170
173250
8754000
8927250
172.5
472000
7210000
7682000
175
777250
5710000
6487250
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.