This page reflects TWLO 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 — TWLO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $215.00 (17.10 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$215.00
Nearest expiry
Expected Move
±$9.15
±3.9%
Days to Expiry
3
Calendar days
Total Call OI
14,091
Nearest expiry
Total Put OI
8,897
Nearest expiry
P/C OI Ratio
0.63
Put-heavy
Spot Price
$232.10
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
$192.50
8/7/2026, 11:35:40 PM
2026-08-14
$220.00
8/14/2026, 11:39:34 PM
2026-08-21NextUpdated
$215.00
8/18/2026, 11:36:40 PM
2026-08-28
$242.50
8/18/2026, 11:36:40 PM
2026-09-04
$225.00
8/18/2026, 11:36:40 PM
2026-09-11
$225.00
8/18/2026, 11:36:40 PM
2026-09-18
$180.00
8/18/2026, 11:36:40 PM
2026-09-25
$240.00
8/18/2026, 11:36:40 PM
2026-10-02
$195.00
8/18/2026, 11:36:40 PM
2026-10-16
$200.00
8/18/2026, 11:36:40 PM
2026-11-20
$195.00
8/18/2026, 11:36:40 PM
2026-12-18
$160.00
8/18/2026, 11:36:40 PM
2027-01-15
$110.00
8/18/2026, 11:36:40 PM
2027-02-19
$190.00
8/18/2026, 11:36:40 PM
2027-03-19
$160.00
8/18/2026, 11:36:40 PM
2027-06-17
$165.00
8/18/2026, 11:36:40 PM
Selected expiration: 2026-08-21 at max pain $215.00.
TWLO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
75
0
104046000
104046000
80
1000
99620500
99621500
85
3000
95195000
95198000
90
5000
90770000
90775000
95
8000
86345000
86353000
100
12500
81920000
81932500
105
20500
77495500
77516000
110
29500
73071500
73101000
115
41000
68648500
68689500
120
53000
64228000
64281000
125
80500
59812000
59892500
130
112000
55415500
55527500
135
155500
51051000
51206500
140
217000
46692000
46909000
145
289500
42683000
42972500
150
388500
38695500
39084000
155
495500
34825500
35321000
160
614000
30978000
31592000
165
749000
27328500
28077500
167.5
821250
25548500
26369750
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.