This page reflects VNET 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 — VNET
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $8.00 (1.42 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$8.00
Nearest expiry
Expected Move
±$0.65
±9.9%
Days to Expiry
3
Calendar days
Total Call OI
28,391
Nearest expiry
Total Put OI
5,055
Nearest expiry
P/C OI Ratio
0.18
Put-heavy
Spot Price
$6.58
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
$10.00
6/18/2026, 11:37:49 PM
2026-07-17
$8.00
7/17/2026, 11:35:03 PM
2026-08-21NextUpdated
$8.00
8/18/2026, 11:42:48 PM
2026-09-18
$7.00
8/18/2026, 11:42:48 PM
2026-12-18
$8.00
8/18/2026, 11:42:48 PM
2027-01-15
$8.00
8/18/2026, 11:42:48 PM
2027-03-19
$7.00
8/18/2026, 11:42:48 PM
Selected expiration: 2026-08-21 at max pain $8.00.
VNET pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
3058300
3058300
2
0
2555500
2555500
3
0
2052900
2052900
4
0
1550600
1550600
5
0
1050700
1050700
6
200
551500
551700
7
2100
87400
89500
8
29200
16800
46000
9
837300
8400
845700
10
3240300
4900
3245200
11
5680300
1900
5682200
12
8162700
600
8163300
13
10999900
300
11000200
14
13838100
200
13838300
15
16676400
100
16676500
16
19515500
0
19515500
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.