This page reflects TRI 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 — TRI
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $100.00 (0.89 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$4.33
±4.3%
Days to Expiry
3
Calendar days
Total Call OI
1,929
Nearest expiry
Total Put OI
4,084
Nearest expiry
P/C OI Ratio
2.12
Put-heavy
Spot Price
$100.89
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
$85.00
6/18/2026, 11:31:11 PM
2026-07-17
$80.00
7/17/2026, 11:32:58 PM
2026-08-21NextUpdated
$100.00
8/18/2026, 11:34:28 PM
2026-09-18
$105.00
8/18/2026, 11:34:28 PM
2026-10-16
$90.00
8/18/2026, 11:34:28 PM
2026-12-18
$90.00
8/18/2026, 11:34:28 PM
2027-01-15
$80.00
8/18/2026, 11:34:28 PM
Selected expiration: 2026-08-21 at max pain $100.00.
TRI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
16712000
16712000
50
0
14670500
14670500
55
0
12632500
12632500
60
0
10598500
10598500
65
0
8637000
8637000
70
0
6710000
6710000
75
1500
4812000
4813500
80
11000
3100000
3111000
85
85500
1541500
1627000
90
226500
1079000
1305500
95
426500
644000
1070500
100
651500
341500
993000
105
946500
111500
1058000
110
1312500
25000
1337500
115
1723000
0
1723000
120
2597000
0
2597000
125
3483500
0
3483500
130
4446500
0
4446500
135
5410500
0
5410500
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.