This page reflects TRU 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 — TRU
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $77.50 (1.97 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$77.50
Nearest expiry
Expected Move
±$2.55
±3.2%
Days to Expiry
3
Calendar days
Total Call OI
2,766
Nearest expiry
Total Put OI
2,499
Nearest expiry
P/C OI Ratio
0.90
Put-heavy
Spot Price
$79.47
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
$70.00
6/18/2026, 11:34:38 PM
2026-07-17
$72.50
7/17/2026, 11:37:53 PM
2026-08-21NextUpdated
$77.50
8/18/2026, 11:40:59 PM
2026-09-18
$72.50
8/18/2026, 11:40:59 PM
2026-12-18
$75.00
8/18/2026, 11:40:59 PM
2027-01-15
$70.00
8/18/2026, 11:40:59 PM
2027-03-19
$65.00
8/18/2026, 11:40:59 PM
Selected expiration: 2026-08-21 at max pain $77.50.
TRU pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
37.5
0
7838750
7838750
40
0
7221250
7221250
42.5
0
6607500
6607500
45
0
6012750
6012750
47.5
0
5433750
5433750
50
0
4855250
4855250
55
0
3704750
3704750
57.5
0
3133750
3133750
60
0
2571250
2571250
62.5
0
2039250
2039250
65
0
1520750
1520750
67.5
500
1144000
1144500
70
3750
772000
775750
72.5
10500
410250
420750
75
21500
191750
213250
77.5
38750
53750
92500
80
306500
33500
340000
82.5
582000
16750
598750
85
874000
2500
876500
87.5
1189500
1250
1190750
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.