This page reflects TTI options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — TTI
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $8.00 (0.52 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.00
Nearest expiry
Expected Move
±$0.65
±8.7%
Days to Expiry
2
Calendar days
Total Call OI
687
Nearest expiry
Total Put OI
712
Nearest expiry
P/C OI Ratio
1.04
Put-heavy
Spot Price
$7.48
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
$8.00
6/18/2026, 11:34:56 PM
2026-07-17
$10.00
7/17/2026, 11:31:41 PM
2026-08-21NextUpdated
$8.00
8/19/2026, 11:43:48 PM
2026-09-18
$9.00
8/19/2026, 11:43:48 PM
2026-12-18
$8.00
8/19/2026, 11:43:48 PM
2027-03-19
$8.00
8/19/2026, 11:43:48 PM
Selected expiration: 2026-08-21 at max pain $8.00.
TTI pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2
0
395700
395700
4
0
253500
253500
5
100
182600
182700
6
200
112100
112300
7
300
57700
58000
8
6300
17900
24200
9
18600
5600
24200
10
44500
3800
48300
11
86700
2400
89100
12
152500
1100
153600
13
220800
700
221500
14
289100
400
289500
15
357600
200
357800
16
426200
0
426200
17
494800
0
494800
18
563400
0
563400
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.