This page reflects VOO 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 — VOO
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $700.00 (5.40 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$700.00
Nearest expiry
Expected Move
±$5.78
±0.8%
Days to Expiry
3
Calendar days
Total Call OI
11,434
Nearest expiry
Total Put OI
6,764
Nearest expiry
P/C OI Ratio
0.59
Put-heavy
Spot Price
$705.40
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
$672.50
8/7/2026, 11:39:19 PM
2026-08-14
$692.50
8/14/2026, 11:36:52 PM
2026-08-21NextUpdated
$700.00
8/18/2026, 11:40:35 PM
2026-08-28
$690.00
8/18/2026, 11:40:35 PM
2026-09-04
$687.50
8/18/2026, 11:40:35 PM
2026-09-11
$700.00
8/18/2026, 11:40:35 PM
2026-09-18
$670.00
8/18/2026, 11:40:35 PM
2026-09-25
$705.00
8/18/2026, 11:40:35 PM
2026-10-02
$712.50
8/18/2026, 11:40:35 PM
2026-10-16
$635.00
8/18/2026, 11:40:35 PM
2027-01-15
$560.00
8/18/2026, 11:40:35 PM
2027-06-17
$645.00
8/18/2026, 11:40:35 PM
Selected expiration: 2026-08-21 at max pain $700.00.
VOO pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
450
0
142771750
142771750
455
3500
139401750
139405250
460
29500
136031750
136061250
465
59500
132668750
132728250
470
93500
129306750
129400250
475
132500
125948250
126080750
480
175500
122592750
122768250
490
273500
115881750
116155250
495
327500
112529250
112856750
500
386500
109176750
109563250
505
451000
105825750
106276750
510
519000
102475250
102994250
515
587000
99125750
99712750
520
655000
95776250
96431250
525
727500
92427750
93155250
530
851500
89168750
90020250
535
977500
85975250
86952750
540
1106500
82822250
83928750
545
1242500
79697750
80940250
550
1386000
76640750
78026750
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.