This page reflects VIPS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 17, 2026 close
Max Pain — VIPS
Data as of market close Aug 17, 2026
Nearest listed expiration 2026-08-21 shows max pain at $15.00 (0.96 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
±$0.42
±3.0%
Days to Expiry
4
Calendar days
Total Call OI
2,801
Nearest expiry
Total Put OI
2,601
Nearest expiry
P/C OI Ratio
0.93
Put-heavy
Spot Price
$14.04
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, 11:34:33 PM
2026-07-17
$14.00
7/17/2026, 11:41:16 PM
2026-08-21NextUpdated
$15.00
8/17/2026, 11:42:54 PM
2026-09-18
$15.00
8/17/2026, 11:42:54 PM
2026-11-20
$15.00
8/17/2026, 11:42:54 PM
2027-01-15
$15.00
8/17/2026, 11:42:54 PM
2027-02-19
$11.00
8/17/2026, 11:42:54 PM
Selected expiration: 2026-08-21 at max pain $15.00.
VIPS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
10
0
1082300
1082300
11
0
822900
822900
12
0
564200
564200
13
600
326000
326600
14
4000
154000
158000
15
83900
58300
142200
16
216300
14100
230400
17
429000
1500
430500
18
672600
900
673500
19
923100
800
923900
20
1173600
700
1174300
21
1442500
600
1443100
22
1711900
500
1712400
23
1983700
400
1984100
24
2256700
300
2257000
25
2536400
200
2536600
26
2816100
100
2816200
27
3095800
0
3095800
30
3935200
0
3935200
35
5334200
0
5334200
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.