This page reflects UWMC 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 — UWMC
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $1.50 (0.06 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$1.50
Nearest expiry
Expected Move
±$0.15
±10.4%
Days to Expiry
3
Calendar days
Total Call OI
13,997
Nearest expiry
Total Put OI
15,689
Nearest expiry
P/C OI Ratio
1.12
Put-heavy
Spot Price
$1.44
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
$2.00
8/7/2026, 11:40:39 PM
2026-08-14
$1.00
8/14/2026, 11:37:35 PM
2026-08-21NextUpdated
$1.50
8/18/2026, 11:43:46 PM
2026-08-28
$1.50
8/18/2026, 11:43:46 PM
2026-09-04
$0.50
8/18/2026, 11:43:46 PM
2026-09-11
$1.00
8/18/2026, 11:43:46 PM
2026-09-18
$2.00
8/18/2026, 11:43:46 PM
2026-09-25
$1.00
8/18/2026, 11:43:46 PM
2026-10-02
$0.50
8/18/2026, 11:43:46 PM
2026-11-20
$2.00
8/18/2026, 11:43:46 PM
2026-12-18
$2.00
8/18/2026, 11:43:46 PM
2027-01-15
$2.00
8/18/2026, 11:43:46 PM
2027-02-19
$2.00
8/18/2026, 11:43:46 PM
2027-06-17
$2.00
8/18/2026, 11:43:46 PM
2027-07-16
$1.00
8/18/2026, 11:43:46 PM
Selected expiration: 2026-08-21 at max pain $1.50.
UWMC pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
1713650
1713650
1
350
929250
929600
1.5
131450
151050
282500
2
371700
92550
464250
2.5
792550
57400
849950
3
1220850
22500
1243350
4
2240950
11000
2251950
5
3416150
0
3416150
6
4659050
0
4659050
7
5985950
0
5985950
8
7339550
0
7339550
9
8714350
0
8714350
10
10099050
0
10099050
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.