This page reflects VOD 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 — VOD
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $15.00 (1.13 below 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
±$0.38
±2.3%
Days to Expiry
3
Calendar days
Total Call OI
8,087
Nearest expiry
Total Put OI
1,331
Nearest expiry
P/C OI Ratio
0.16
Put-heavy
Spot Price
$16.13
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
2026-08-07
$5.00
8/7/2026, 11:38:43 PM
2026-08-14
$3.00
8/14/2026, 11:42:44 PM
2026-08-21NextUpdated
$15.00
8/18/2026, 11:37:55 PM
2026-08-28
$4.00
8/18/2026, 11:37:55 PM
2026-09-04
$9.00
8/18/2026, 11:37:55 PM
2026-09-11
$6.00
8/18/2026, 11:37:55 PM
2026-09-18
$14.00
8/18/2026, 11:37:55 PM
2026-09-25
$6.00
8/18/2026, 11:37:55 PM
2026-10-16
$14.00
8/18/2026, 11:37:55 PM
2027-01-15
$12.00
8/18/2026, 11:37:55 PM
Selected expiration: 2026-08-21 at max pain $15.00.
VOD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
1304700
1304700
6
0
1171700
1171700
7
4500
1038800
1043300
8
14000
906100
920100
9
23700
773500
797200
10
33700
641100
674800
10.5
38800
574900
613700
11
44000
508800
552800
12
54400
376800
431200
12.5
61350
311150
372500
13
68300
245550
313850
14
87800
128850
216650
14.5
107300
75000
182300
15
126800
21800
148600
15.5
328500
9750
338250
16
530950
3950
534900
16.5
930250
3000
933250
17
1330350
2050
1332400
17.5
1734550
1250
1735800
18
2138850
550
2139400
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.