This page reflects TT 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 — TT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $470.00 (6.63 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$470.00
Nearest expiry
Expected Move
±$10.60
±2.3%
Days to Expiry
3
Calendar days
Total Call OI
1,777
Nearest expiry
Total Put OI
1,680
Nearest expiry
P/C OI Ratio
0.95
Put-heavy
Spot Price
$463.37
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
$460.00
6/18/2026, 11:31:37 PM
2026-07-17
$470.00
7/17/2026, 11:38:26 PM
2026-08-21NextUpdated
$470.00
8/18/2026, 11:35:49 PM
2026-09-18
$460.00
8/18/2026, 11:35:49 PM
2026-10-16
$450.00
8/18/2026, 11:35:49 PM
2026-11-20
$450.00
8/18/2026, 11:35:49 PM
2026-12-18
$460.00
8/18/2026, 11:35:49 PM
2027-01-15
$500.00
8/18/2026, 11:35:49 PM
2027-03-19
$350.00
8/18/2026, 11:35:49 PM
Selected expiration: 2026-08-21 at max pain $470.00.
TT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
240
0
35000000
35000000
300
0
24944000
24944000
310
1000
23268000
23269000
320
2000
21598000
21600000
340
6000
18258000
18264000
350
8000
16589000
16597000
360
10000
14924000
14934000
370
13000
13265000
13278000
380
16000
11621000
11637000
390
20000
9981000
10001000
400
49000
8356000
8405000
410
80000
6756000
6836000
420
112000
5226000
5338000
430
147000
4000000
4147000
440
202000
2845000
3047000
450
308000
1792000
2100000
460
484000
841000
1325000
470
695000
455000
1150000
480
1104000
215000
1319000
490
1696000
87000
1783000
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.