This page reflects TXG 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 — TXG
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $30.00 (25.63 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$5.12
±9.2%
Days to Expiry
3
Calendar days
Total Call OI
6,741
Nearest expiry
Total Put OI
2,623
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$55.63
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
$30.00
6/18/2026, 11:34:27 PM
2026-07-17
$30.00
7/17/2026, 11:40:10 PM
2026-08-21NextUpdated
$30.00
8/18/2026, 11:36:04 PM
2026-09-18
$55.00
8/18/2026, 11:36:04 PM
2026-11-20
$25.00
8/18/2026, 11:36:04 PM
2027-02-19
$25.00
8/18/2026, 11:36:04 PM
Selected expiration: 2026-08-21 at max pain $30.00.
TXG pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
9395250
9395250
5
3750
8739750
8743500
7.5
7500
8085500
8093000
10
11250
7431750
7443000
12.5
15000
6778000
6793000
15
18750
6124250
6143000
17.5
27000
5527000
5554000
20
45250
4942000
4987250
22.5
119000
4400250
4519250
25
231000
3861500
4092500
30
538500
2791500
3330000
35
1880000
1843500
3723500
40
3662000
947000
4609000
45
5669000
444500
6113500
50
7761000
188000
7949000
55
10452500
47500
10500000
60
13289000
0
13289000
65
16343500
0
16343500
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.