This page reflects V 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 — V
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $350.00 (14.25 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$350.00
Nearest expiry
Expected Move
±$5.82
±1.6%
Days to Expiry
3
Calendar days
Total Call OI
31,818
Nearest expiry
Total Put OI
29,158
Nearest expiry
P/C OI Ratio
0.92
Put-heavy
Spot Price
$364.25
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
$362.50
8/7/2026, 11:38:15 PM
2026-08-14
$360.00
8/14/2026, 11:36:19 PM
2026-08-21NextUpdated
$350.00
8/18/2026, 11:37:49 PM
2026-08-28
$360.00
8/18/2026, 11:37:49 PM
2026-09-04
$360.00
8/18/2026, 11:37:49 PM
2026-09-11
$360.00
8/18/2026, 11:37:49 PM
2026-09-18
$345.00
8/18/2026, 11:37:49 PM
2026-09-25
$355.00
8/18/2026, 11:37:49 PM
2026-10-16
$355.00
8/18/2026, 11:37:49 PM
2026-11-20
$340.00
8/18/2026, 11:37:49 PM
2026-12-18
$330.00
8/18/2026, 11:37:49 PM
2027-01-15
$360.00
8/18/2026, 11:37:49 PM
2027-03-19
$340.00
8/18/2026, 11:37:49 PM
2027-06-17
$345.00
8/18/2026, 11:37:49 PM
Selected expiration: 2026-08-21 at max pain $350.00.
V pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
200
0
368465500
368465500
205
1000
353902500
353903500
210
2500
339351500
339354000
215
4000
324812500
324816500
220
5500
310292000
310297500
225
7000
295776500
295783500
230
8500
281283000
281291500
235
10000
266815500
266825500
240
11500
252367000
252378500
245
13500
237972500
237986000
250
15500
223627500
223643000
255
18000
209345500
209363500
260
20500
195117000
195137500
265
23000
180976000
180999000
270
26000
167072000
167098000
275
29000
153255500
153284500
280
32000
139598500
139630500
285
35000
126414000
126449000
290
38000
113516500
113554500
295
46000
100875000
100921000
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.