This page reflects TTE 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 — TTE
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $82.50 (6.79 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$82.50
Nearest expiry
Expected Move
±$10.10
±11.3%
Days to Expiry
3
Calendar days
Total Call OI
10,580
Nearest expiry
Total Put OI
6,905
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$89.29
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
$75.00
6/18/2026, 11:35:28 PM
2026-07-17
$80.00
7/17/2026, 11:39:09 PM
2026-08-21NextUpdated
$82.50
8/18/2026, 11:37:48 PM
2026-09-18
$85.00
8/18/2026, 11:37:48 PM
2026-10-16
$85.00
8/18/2026, 11:37:48 PM
2026-11-20
$87.50
8/18/2026, 11:37:48 PM
2026-12-18
$77.50
8/18/2026, 11:37:48 PM
2027-01-15
$65.00
8/18/2026, 11:37:48 PM
2027-02-19
$82.50
8/18/2026, 11:37:48 PM
2027-06-17
$75.00
8/18/2026, 11:37:48 PM
Selected expiration: 2026-08-21 at max pain $82.50.
TTE pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
22567000
22567000
50
0
19183000
19183000
55
0
15799000
15799000
57.5
0
14111500
14111500
60
0
12440250
12440250
62.5
0
10778750
10778750
65
250
9141750
9142000
67.5
3250
7544000
7547250
70
18250
6045500
6063750
72.5
76500
4655000
4731500
75
152250
3421000
3573250
77.5
261250
2266250
2527500
80
421250
1252250
1673500
82.5
658000
341250
999250
85
1080000
159500
1239500
87.5
1641500
53750
1695250
90
2622750
22500
2645250
92.5
4176750
6250
4183000
95
5802250
0
5802250
97.5
7556250
0
7556250
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.