This page reflects TTAN 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 — TTAN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $85.00 (6.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$4.58
±5.0%
Days to Expiry
3
Calendar days
Total Call OI
4,175
Nearest expiry
Total Put OI
3,168
Nearest expiry
P/C OI Ratio
0.76
Put-heavy
Spot Price
$91.11
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
$60.00
6/18/2026, 11:39:32 PM
2026-07-17
$70.00
7/17/2026, 11:37:05 PM
2026-08-21NextUpdated
$85.00
8/18/2026, 11:35:13 PM
2026-09-18
$80.00
8/18/2026, 11:35:13 PM
2026-10-16
$80.00
8/18/2026, 11:35:13 PM
2027-01-15
$75.00
8/18/2026, 11:35:13 PM
Selected expiration: 2026-08-21 at max pain $85.00.
TTAN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
11252500
11252500
45
0
8085500
8085500
50
500
6502000
6502500
55
1000
4942500
4943500
60
2000
3559500
3561500
65
10500
2226000
2236500
70
24000
1390000
1414000
75
75500
607500
683000
80
170000
305500
475500
85
396500
31500
428000
90
810500
10500
821000
95
1635000
1500
1636500
100
2675500
0
2675500
105
4084000
0
4084000
110
6110000
0
6110000
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.