This page reflects VISN 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 — VISN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $12.00 (0.62 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.00
Nearest expiry
Expected Move
±$0.70
±6.2%
Days to Expiry
3
Calendar days
Total Call OI
26,918
Nearest expiry
Total Put OI
11,594
Nearest expiry
P/C OI Ratio
0.43
Put-heavy
Spot Price
$11.38
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
$12.00
6/18/2026, 11:31:47 PM
2026-07-17
$12.00
7/17/2026, 11:40:31 PM
2026-08-21NextUpdated
$12.00
8/18/2026, 11:43:13 PM
2026-09-18
$11.00
8/18/2026, 11:43:13 PM
2026-11-20
$16.00
8/18/2026, 11:43:13 PM
2027-01-15
$10.00
8/18/2026, 11:43:13 PM
2027-02-19
$10.00
8/18/2026, 11:43:13 PM
2027-07-16
$15.00
8/18/2026, 11:43:13 PM
Selected expiration: 2026-08-21 at max pain $12.00.
VISN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
13040700
13040700
6
6700
11881300
11888000
8
21900
9562500
9584400
9
30100
8403100
8433200
10
38500
7243700
7282200
11
47900
6130000
6177900
12
263800
5047300
5311100
13
1859700
4083400
5943100
14
4365100
3120000
7485100
15
6888500
2156600
9045100
16
9461300
1193200
10654500
17
12034800
229800
12264600
18
14621000
49100
14670100
19
17209200
20200
17229400
20
19832300
800
19833100
21
22457100
400
22457500
22
25108000
0
25108000
23
27775400
0
27775400
24
30453000
0
30453000
25
33144400
0
33144400
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.