This page reflects USB 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 — USB
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $62.00 (2.79 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$62.00
Nearest expiry
Expected Move
±$1.04
±1.6%
Days to Expiry
3
Calendar days
Total Call OI
16,126
Nearest expiry
Total Put OI
7,277
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$64.79
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
$63.00
8/7/2026, 11:37:46 PM
2026-08-14
$64.00
8/14/2026, 11:41:54 PM
2026-08-21NextUpdated
$62.00
8/18/2026, 11:42:02 PM
2026-08-28
$61.00
8/18/2026, 11:42:02 PM
2026-09-04
$63.00
8/18/2026, 11:42:02 PM
2026-09-11
$66.00
8/18/2026, 11:42:02 PM
2026-09-18
$55.00
8/18/2026, 11:42:02 PM
2026-09-25
$63.00
8/18/2026, 11:42:02 PM
2026-10-16
$62.50
8/18/2026, 11:42:02 PM
2026-11-20
$65.00
8/18/2026, 11:42:02 PM
2026-12-18
$47.50
8/18/2026, 11:42:02 PM
2027-01-15
$55.00
8/18/2026, 11:42:02 PM
2027-02-19
$55.00
8/18/2026, 11:42:02 PM
2027-03-19
$57.50
8/18/2026, 11:42:02 PM
2027-06-17
$60.00
8/18/2026, 11:42:02 PM
Selected expiration: 2026-08-21 at max pain $62.00.
USB pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
16908750
16908750
37.5
1500
15089750
15091250
40
3250
13270750
13274000
42.5
6000
11454500
11460500
45
9750
9640750
9650500
47.5
13750
7838750
7852500
50
17750
6150750
6168500
52.5
22500
4541750
4564250
53
24650
4231200
4255850
54
28950
3610400
3639350
55
33650
2990300
3023950
56
74950
2470700
2545650
57
116450
1952200
2068650
57.5
137250
1693000
1830250
58
192250
1519050
1711300
59
312750
1172050
1484800
60
434150
826150
1260300
61
612450
595850
1208300
62
792250
400950
1193200
62.5
883900
313900
1197800
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.