This page reflects VOYA 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 — VOYA
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $90.00 (10.16 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$90.00
Nearest expiry
Expected Move
±$3.12
±3.1%
Days to Expiry
3
Calendar days
Total Call OI
13,017
Nearest expiry
Total Put OI
1,969
Nearest expiry
P/C OI Ratio
0.15
Put-heavy
Spot Price
$100.16
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
$77.50
6/18/2026, 11:31:53 PM
2026-07-17
$87.50
7/17/2026, 11:41:24 PM
2026-08-21NextUpdated
$90.00
8/18/2026, 11:35:18 PM
2026-09-18
$100.00
8/18/2026, 11:35:18 PM
2026-11-20
$75.00
8/18/2026, 11:35:18 PM
2026-12-18
$92.50
8/18/2026, 11:35:18 PM
2027-02-19
$85.00
8/18/2026, 11:35:18 PM
Selected expiration: 2026-08-21 at max pain $90.00.
VOYA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
10772000
10772000
45
0
8804000
8804000
47.5
0
8312000
8312000
50
0
7820000
7820000
55
0
6836500
6836500
57.5
250
6344750
6345000
60
500
5853000
5853500
62.5
750
5386500
5387250
65
1000
4920250
4921250
67.5
1250
4454750
4456000
70
1500
3989250
3990750
72.5
2750
3530500
3533250
75
4250
3071750
3076000
77.5
130000
2631000
2761000
80
259750
2196250
2456000
82.5
401750
1767500
2169250
85
564000
1343000
1907000
87.5
831500
923750
1755250
90
1106000
643250
1749250
92.5
2817250
409500
3226750
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.