This page reflects TRUP 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 — TRUP
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $25.00 (4.97 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$1.27
±4.3%
Days to Expiry
3
Calendar days
Total Call OI
1,093
Nearest expiry
Total Put OI
509
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$29.97
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
$25.00
6/18/2026, 11:39:17 PM
2026-07-17
$25.00
7/17/2026, 11:36:38 PM
2026-08-21NextUpdated
$25.00
8/18/2026, 11:35:32 PM
2026-09-18
$27.50
8/18/2026, 11:35:32 PM
2026-11-20
$27.50
8/18/2026, 11:35:32 PM
2027-02-19
$20.00
8/18/2026, 11:35:32 PM
Selected expiration: 2026-08-21 at max pain $25.00.
TRUP pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
427500
427500
17.5
0
302750
302750
20
0
180750
180750
22.5
0
98500
98500
25
750
35500
36250
27.5
14000
27500
41500
30
100750
21750
122500
32.5
352000
17750
369750
35
610500
13750
624250
37.5
870750
11000
881750
40
1134500
8250
1142750
45
1673500
2750
1676250
47.5
1943000
0
1943000
50
2212500
0
2212500
55
2758500
0
2758500
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.