This page reflects TOST 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 — TOST
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $30.00 (4.95 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$1.13
±3.3%
Days to Expiry
3
Calendar days
Total Call OI
22,935
Nearest expiry
Total Put OI
16,482
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$34.95
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
$32.00
8/7/2026, 11:35:20 PM
2026-08-14
$33.00
8/14/2026, 11:36:47 PM
2026-08-21NextUpdated
$30.00
8/18/2026, 11:42:53 PM
2026-08-28
$30.00
8/18/2026, 11:42:53 PM
2026-09-04
$33.00
8/18/2026, 11:42:53 PM
2026-09-11
$34.00
8/18/2026, 11:42:53 PM
2026-09-18
$28.00
8/18/2026, 11:42:53 PM
2026-09-25
$32.00
8/18/2026, 11:42:53 PM
2026-10-16
$33.00
8/18/2026, 11:42:53 PM
2026-11-20
$35.00
8/18/2026, 11:42:53 PM
2026-12-18
$29.00
8/18/2026, 11:42:53 PM
2027-01-15
$30.00
8/18/2026, 11:42:53 PM
2027-03-19
$31.00
8/18/2026, 11:42:53 PM
Selected expiration: 2026-08-21 at max pain $30.00.
TOST pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
17720050
17720050
16
3800
16072450
16076250
17
12300
14429150
14441450
18
21500
12789650
12811150
19
80500
11151350
11231850
20
143000
9518150
9661150
21
209300
8325250
8534550
22
276600
7187350
7463950
23
352200
6130750
6482950
24
439800
5207950
5647750
24.5
487550
4769000
5256550
25
535500
4330450
4865950
25.5
622100
3954800
4576900
26
708800
3579450
4288250
26.5
826600
3220100
4046700
27
944850
2862450
3807300
27.5
1082600
2522250
3604850
28
1220500
2183200
3403700
28.5
1410550
1904700
3315250
29
1603050
1627000
3230050
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.