This page reflects USAU 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 — USAU
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $15.00 (0.39 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$15.00
Nearest expiry
Expected Move
±$0.90
±6.2%
Days to Expiry
3
Calendar days
Total Call OI
2,899
Nearest expiry
Total Put OI
833
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$14.61
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
$15.00
6/18/2026, 11:34:53 PM
2026-07-17
$15.00
7/17/2026, 11:40:10 PM
2026-08-21NextUpdated
$15.00
8/18/2026, 11:43:19 PM
2026-09-18
$10.00
8/18/2026, 11:43:19 PM
2026-11-20
$15.00
8/18/2026, 11:43:19 PM
2027-02-19
$12.50
8/18/2026, 11:43:19 PM
Selected expiration: 2026-08-21 at max pain $15.00.
USAU pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
915250
915250
5
750
707000
707750
7.5
1500
498750
500250
10
2750
290750
293500
12.5
11000
171250
182250
15
54750
65250
120000
17.5
447750
26750
474500
20
890500
500
891000
22.5
1469000
0
1469000
25
2098500
0
2098500
30
3446500
0
3446500
35
4815000
0
4815000
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.