This page reflects TRIP 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 — TRIP
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $11.00 (0.77 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$11.00
Nearest expiry
Expected Move
±$0.57
±5.6%
Days to Expiry
3
Calendar days
Total Call OI
15,392
Nearest expiry
Total Put OI
2,626
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$10.23
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
$5.00
8/7/2026, 11:39:45 PM
2026-08-14
$9.00
8/14/2026, 11:40:02 PM
2026-08-21NextUpdated
$11.00
8/18/2026, 11:40:33 PM
2026-08-28
$4.00
8/18/2026, 11:40:33 PM
2026-09-04
$1.00
8/18/2026, 11:40:33 PM
2026-09-11
$1.00
8/18/2026, 11:40:33 PM
2026-09-18
$11.00
8/18/2026, 11:40:33 PM
2026-09-25
$1.00
8/18/2026, 11:40:33 PM
2026-10-02
$1.00
8/18/2026, 11:40:33 PM
2026-12-18
$12.00
8/18/2026, 11:40:33 PM
2027-01-15
$12.00
8/18/2026, 11:40:33 PM
2027-03-19
$11.00
8/18/2026, 11:40:33 PM
Selected expiration: 2026-08-21 at max pain $11.00.
TRIP pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
2704900
2704900
2
900
2442300
2443200
3
2700
2179700
2182400
4
4700
1917100
1921800
5
14100
1654500
1668600
6
26400
1392400
1418800
7
43100
1130800
1173900
8
60900
869800
930700
9
79200
609100
688300
9.5
88650
481650
570300
10
98200
356700
454900
10.5
143500
263450
406950
11
196400
178250
374650
11.5
315050
121450
436500
12
436900
65000
501900
12.5
571050
35100
606150
13
705250
13450
718700
13.5
852850
11200
864050
14
1000450
9000
1009450
14.5
1159100
7450
1166550
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.