This page reflects USAR 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 — USAR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $18.50 (0.01 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.50
Nearest expiry
Expected Move
±$1.40
±7.6%
Days to Expiry
3
Calendar days
Total Call OI
34,340
Nearest expiry
Total Put OI
17,900
Nearest expiry
P/C OI Ratio
0.52
Put-heavy
Spot Price
$18.51
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
$15.50
8/7/2026, 11:34:59 PM
2026-08-14
$18.50
8/14/2026, 11:44:20 PM
2026-08-21NextUpdated
$18.50
8/18/2026, 11:42:58 PM
2026-08-28
$18.00
8/18/2026, 11:42:58 PM
2026-09-04
$17.50
8/18/2026, 11:42:58 PM
2026-09-11
$18.50
8/18/2026, 11:42:58 PM
2026-09-18
$20.00
8/18/2026, 11:42:58 PM
2026-09-25
$19.00
8/18/2026, 11:42:58 PM
2026-10-02
$19.00
8/18/2026, 11:42:58 PM
2026-12-18
$24.00
8/18/2026, 11:42:58 PM
2027-01-15
$20.00
8/18/2026, 11:42:58 PM
2027-03-19
$20.00
8/18/2026, 11:42:58 PM
Selected expiration: 2026-08-21 at max pain $18.50.
USAR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
8
0
15257300
15257300
8.5
100
14362300
14362400
9
350
13467300
13467650
9.5
800
12572300
12573100
10
1400
11677500
11678900
10.5
3050
10796100
10799150
11
5150
9916200
9921350
12
9350
8164600
8173950
12.5
12150
7305350
7317500
13
15300
6464950
6480250
13.5
28200
5672350
5700550
14
48100
4903100
4951200
14.5
74800
4227700
4302500
15
106850
3561000
3667850
15.5
168050
3053250
3221300
16
249600
2559500
2809100
16.5
370050
2130700
2500750
17
505050
1718300
2223350
17.5
671000
1355900
2026900
18
867750
1023050
1890800
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.