This page reflects TROW 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 — TROW
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $115.00 (4.68 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$115.00
Nearest expiry
Expected Move
±$2.62
±2.4%
Days to Expiry
3
Calendar days
Total Call OI
2,685
Nearest expiry
Total Put OI
4,061
Nearest expiry
P/C OI Ratio
1.51
Put-heavy
Spot Price
$110.32
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
$100.00
6/18/2026, 11:34:27 PM
2026-07-17
$105.00
7/17/2026, 11:33:15 PM
2026-08-21NextUpdated
$115.00
8/18/2026, 11:41:55 PM
2026-09-18
$110.00
8/18/2026, 11:41:55 PM
2026-10-16
$105.00
8/18/2026, 11:41:55 PM
2026-12-18
$105.00
8/18/2026, 11:41:55 PM
2027-01-15
$105.00
8/18/2026, 11:41:55 PM
2027-03-19
$105.00
8/18/2026, 11:41:55 PM
Selected expiration: 2026-08-21 at max pain $115.00.
TROW pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
22168000
22168000
70
0
16079500
16079500
80
0
12021500
12021500
90
1000
7964500
7965500
95
1500
5942000
5943500
100
2000
3943000
3945000
105
12000
2116500
2128500
110
49500
900500
950000
115
130500
3000
133500
120
669000
0
669000
125
1413500
0
1413500
130
2428500
0
2428500
135
3733500
0
3733500
140
5058000
0
5058000
145
6397500
0
6397500
165
11765500
0
11765500
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.