This page reflects UL 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 — UL
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $62.50 (0.47 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$62.50
Nearest expiry
Expected Move
±$1.05
±1.7%
Days to Expiry
3
Calendar days
Total Call OI
8,902
Nearest expiry
Total Put OI
8,628
Nearest expiry
P/C OI Ratio
0.97
Put-heavy
Spot Price
$62.03
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
$64.00
8/7/2026, 11:36:10 PM
2026-08-14
$63.00
8/14/2026, 11:34:12 PM
2026-08-21NextUpdated
$62.50
8/18/2026, 11:38:04 PM
2026-08-28
$63.00
8/18/2026, 11:38:04 PM
2026-09-04
$64.00
8/18/2026, 11:38:04 PM
2026-09-11
$64.00
8/18/2026, 11:38:04 PM
2026-09-18
$65.00
8/18/2026, 11:38:04 PM
2026-09-25
$62.00
8/18/2026, 11:38:04 PM
2026-11-20
$57.50
8/18/2026, 11:38:04 PM
2026-12-18
$62.50
8/18/2026, 11:38:04 PM
2027-01-15
$60.00
8/18/2026, 11:38:04 PM
2027-02-19
$55.00
8/18/2026, 11:38:04 PM
2027-06-17
$57.50
8/18/2026, 11:38:04 PM
Selected expiration: 2026-08-21 at max pain $62.50.
UL pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
14041950
14041950
42.5
0
11941450
11941450
45
0
9897700
9897700
47.5
0
7911200
7911200
50
0
6028200
6028200
52.5
0
4292450
4292450
53
0
3987200
3987200
54
0
3376900
3376900
55
0
2766800
2766800
56
0
2295800
2295800
57
0
1825100
1825100
57.5
0
1592400
1592400
58
50
1450850
1450900
58.5
100
1316400
1316500
59
150
1182050
1182200
59.5
200
1050150
1050350
60
250
923950
924200
61
2850
778550
781400
62
6850
654850
661700
62.5
18250
597650
615900
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.