This page reflects VIR 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 — VIR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $9.00 (0.49 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$9.00
Nearest expiry
Expected Move
±$0.62
±6.6%
Days to Expiry
3
Calendar days
Total Call OI
252
Nearest expiry
Total Put OI
1,160
Nearest expiry
P/C OI Ratio
4.60
Put-heavy
Spot Price
$9.49
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
$8.00
6/18/2026, 11:37:14 PM
2026-07-17
$9.00
7/17/2026, 11:37:05 PM
2026-08-21NextUpdated
$9.00
8/18/2026, 11:41:37 PM
2026-09-18
$9.00
8/18/2026, 11:41:37 PM
2026-10-16
$9.00
8/18/2026, 11:41:37 PM
2027-01-15
$7.00
8/18/2026, 11:41:37 PM
Selected expiration: 2026-08-21 at max pain $9.00.
VIR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
835000
835000
2
200
719400
719600
3
400
603900
604300
4
800
488500
489300
6
2600
257900
260500
8
4400
32700
37100
9
5500
1700
7200
10
11300
0
11300
11
26500
0
26500
12
49700
0
49700
14
97100
0
97100
15
120900
0
120900
16
145400
0
145400
17
170200
0
170200
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.