This page reflects TOL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 17, 2026 close
Max Pain — TOL
Data as of market close Aug 17, 2026
Nearest listed expiration 2026-08-21 shows max pain at $150.00 (4.55 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$150.00
Nearest expiry
Expected Move
±$8.10
±5.6%
Days to Expiry
4
Calendar days
Total Call OI
2,210
Nearest expiry
Total Put OI
1,580
Nearest expiry
P/C OI Ratio
0.71
Put-heavy
Spot Price
$145.45
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
$135.00
6/18/2026, 11:34:40 PM
2026-07-17
$150.00
7/17/2026, 11:39:08 PM
2026-08-21NextUpdated
$150.00
8/17/2026, 11:39:42 PM
2026-09-18
$150.00
8/17/2026, 11:39:42 PM
2026-12-18
$140.00
8/17/2026, 11:39:42 PM
2027-01-15
$130.00
8/17/2026, 11:39:42 PM
2027-03-19
$125.00
8/17/2026, 11:39:42 PM
2027-06-17
$110.00
8/17/2026, 11:39:42 PM
Selected expiration: 2026-08-21 at max pain $150.00.
TOL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
105
0
5208500
5208500
110
0
4433500
4433500
115
0
3676000
3676000
120
0
2940000
2940000
125
500
2228000
2228500
130
1500
1529000
1530500
135
4500
978000
982500
140
22500
507000
529500
145
63500
140500
204000
150
122500
58500
181000
155
275500
21000
296500
160
500000
4500
504500
165
850000
1000
851000
170
1440500
0
1440500
175
2252500
0
2252500
180
3213500
0
3213500
185
4255500
0
4255500
190
5321000
0
5321000
195
6396000
0
6396000
200
7489000
0
7489000
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.