This page reflects VIAV 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 — VIAV
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $42.00 (0.63 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.00
Nearest expiry
Expected Move
±$2.50
±6.0%
Days to Expiry
3
Calendar days
Total Call OI
10,693
Nearest expiry
Total Put OI
7,192
Nearest expiry
P/C OI Ratio
0.67
Put-heavy
Spot Price
$41.37
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
$40.00
6/18/2026, 11:37:46 PM
2026-07-17
$45.00
7/17/2026, 11:34:20 PM
2026-08-21NextUpdated
$42.00
8/18/2026, 11:35:55 PM
2026-09-18
$40.00
8/18/2026, 11:35:55 PM
2026-11-20
$40.00
8/18/2026, 11:35:55 PM
2026-12-18
$35.00
8/18/2026, 11:35:55 PM
2027-01-15
$32.00
8/18/2026, 11:35:55 PM
2027-02-19
$38.00
8/18/2026, 11:35:55 PM
2027-03-19
$35.00
8/18/2026, 11:35:55 PM
2027-04-16
$35.00
8/18/2026, 11:35:55 PM
2027-06-17
$35.00
8/18/2026, 11:35:55 PM
Selected expiration: 2026-08-21 at max pain $42.00.
VIAV pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
7009500
7009500
26
300
6397400
6397700
27
700
5785400
5786100
28
1200
5173400
5174600
29
1900
4564800
4566700
30
2800
3961300
3964100
31
7300
3484000
3491300
32
12300
3072100
3084400
33
17800
2666300
2684100
34
24200
2262900
2287100
35
32900
1862900
1895800
36
45800
1613500
1659300
37
60100
1366900
1427000
38
79400
1127900
1207300
39
106500
912000
1018500
40
140900
708000
848900
41
272700
555100
827800
42
413900
410700
824600
43
567300
320000
887300
44
758700
237600
996300
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.