This page reflects TRP 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 — TRP
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $62.50 (1.52 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$62.50
Nearest expiry
Expected Move
±$1.52
±2.4%
Days to Expiry
3
Calendar days
Total Call OI
5,255
Nearest expiry
Total Put OI
2,552
Nearest expiry
P/C OI Ratio
0.49
Put-heavy
Spot Price
$64.02
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
$65.00
6/18/2026, 11:35:08 PM
2026-07-17
$67.50
7/17/2026, 11:39:41 PM
2026-08-21NextUpdated
$62.50
8/18/2026, 11:42:52 PM
2026-09-18
$67.50
8/18/2026, 11:42:52 PM
2026-10-16
$62.50
8/18/2026, 11:42:52 PM
2026-11-20
$57.50
8/18/2026, 11:42:52 PM
2027-02-19
$65.00
8/18/2026, 11:42:52 PM
Selected expiration: 2026-08-21 at max pain $62.50.
TRP pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
32.5
0
6761750
6761750
37.5
40000
5522750
5562750
42.5
90000
4293750
4383750
45
115000
3679250
3794250
47.5
142750
3064750
3207500
50
170500
2497500
2668000
52.5
199250
1938250
2137500
55
228250
1381750
1610000
57.5
257250
886500
1143750
60
286500
446500
733000
62.5
329000
151250
480250
65
381250
108250
489500
67.5
452250
71750
524000
70
616750
35750
652500
72.5
884750
0
884750
75
1357000
0
1357000
77.5
2391250
0
2391250
80
3460250
0
3460250
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.