This page reflects TSEM 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 — TSEM
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $240.00 (0.55 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$240.00
Nearest expiry
Expected Move
±$16.20
±6.7%
Days to Expiry
3
Calendar days
Total Call OI
9,709
Nearest expiry
Total Put OI
10,334
Nearest expiry
P/C OI Ratio
1.06
Put-heavy
Spot Price
$240.55
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
$230.00
8/7/2026, 11:33:17 PM
2026-08-14
$250.00
8/14/2026, 11:41:21 PM
2026-08-21NextUpdated
$240.00
8/18/2026, 11:40:00 PM
2026-08-28
$225.00
8/18/2026, 11:40:00 PM
2026-09-04
$235.00
8/18/2026, 11:40:00 PM
2026-09-11
$230.00
8/18/2026, 11:40:00 PM
2026-09-18
$240.00
8/18/2026, 11:40:00 PM
2026-09-25
$265.00
8/18/2026, 11:40:00 PM
2026-10-02
$280.00
8/18/2026, 11:40:00 PM
2026-10-16
$210.00
8/18/2026, 11:40:00 PM
2027-01-15
$150.00
8/18/2026, 11:40:00 PM
Selected expiration: 2026-08-21 at max pain $240.00.
TSEM pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
126419000
126419000
90
500
121269500
121270000
95
2000
116123500
116125500
100
3500
110983000
110986500
105
9000
105934500
105943500
110
14500
100902500
100917000
115
20500
95875500
95896000
120
30000
90858000
90888000
125
42000
85849500
85891500
130
54000
80986000
81040000
135
66000
76139000
76205000
140
78000
71311000
71389000
145
91500
66489500
66581000
150
107500
61877500
61985000
155
128000
57283000
57411000
160
149500
52997000
53146500
165
180000
48798000
48978000
170
213500
45098500
45312000
175
250000
41444000
41694000
180
296500
37880500
38177000
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.