This page reflects VTGN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 17, 2026 close
Max Pain — VTGN
Data as of market close Aug 17, 2026
Nearest listed expiration 2026-08-21 shows max pain at $0.50 (0.24 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$0.50
Nearest expiry
Expected Move
±$0.28
±105.8%
Days to Expiry
4
Calendar days
Total Call OI
18,310
Nearest expiry
Total Put OI
449
Nearest expiry
P/C OI Ratio
0.02
Put-heavy
Spot Price
$0.26
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
$1.00
6/18/2026, 11:32:00 PM
2026-07-17
$0.50
7/17/2026, 11:40:40 PM
2026-08-21NextUpdated
$0.50
8/17/2026, 11:46:36 PM
2026-09-18
$1.00
8/17/2026, 11:46:36 PM
2026-11-20
$0.50
8/17/2026, 11:46:36 PM
Selected expiration: 2026-08-21 at max pain $0.50.
VTGN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
0.5
0
141050
141050
1
232100
125300
357400
1.5
769800
110150
879950
2
1342050
97300
1439350
3
2911050
73300
2984350
4
4517650
52500
4570150
5
6131850
34600
6166450
6
7891050
19800
7910850
7
9683650
8700
9692350
8
11488850
2900
11491750
9
13306550
0
13306550
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.