This page reflects UMAC 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 — UMAC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $22.50 (8.08 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$22.50
Nearest expiry
Expected Move
±$2.97
±9.7%
Days to Expiry
3
Calendar days
Total Call OI
24,150
Nearest expiry
Total Put OI
11,876
Nearest expiry
P/C OI Ratio
0.49
Put-heavy
Spot Price
$30.58
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
$21.00
8/7/2026, 11:34:42 PM
2026-08-14
$24.00
8/14/2026, 11:42:26 PM
2026-08-21NextUpdated
$22.50
8/18/2026, 11:41:55 PM
2026-08-28
$26.00
8/18/2026, 11:41:55 PM
2026-09-04
$26.00
8/18/2026, 11:41:55 PM
2026-09-11
$26.00
8/18/2026, 11:41:55 PM
2026-09-18
$25.00
8/18/2026, 11:41:55 PM
2026-09-25
$25.50
8/18/2026, 11:41:55 PM
2026-10-02
$31.00
8/18/2026, 11:41:55 PM
2026-11-20
$22.50
8/18/2026, 11:41:55 PM
2027-01-15
$15.00
8/18/2026, 11:41:55 PM
2027-02-19
$17.50
8/18/2026, 11:41:55 PM
Selected expiration: 2026-08-21 at max pain $22.50.
UMAC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
21732850
21732850
5
5250
18767350
18772600
7.5
10750
15881600
15892350
10
17750
13043600
13061350
12
163350
10946200
11109550
12.5
199950
10422100
10622050
13
254350
9937500
10191850
13.5
308950
9452950
9761900
14
363550
8968800
9332350
14.5
418300
8485100
8903400
15
473050
8001750
8474800
15.5
561100
7558350
8119450
16
649250
7120350
7769600
16.5
737500
6683050
7420550
17
825850
6246950
7072800
17.5
914500
5812500
6727000
18
1028300
5436800
6465100
18.5
1143250
5076750
6220000
19
1259450
4717200
5976650
19.5
1376700
4359000
5735700
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.