This page reflects VTR 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 — VTR
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $85.00 (6.20 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$2.25
±2.5%
Days to Expiry
3
Calendar days
Total Call OI
3,733
Nearest expiry
Total Put OI
989
Nearest expiry
P/C OI Ratio
0.26
Put-heavy
Spot Price
$91.20
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
$80.00
6/18/2026, 11:31:01 PM
2026-07-17
$85.00
7/17/2026, 11:39:29 PM
2026-08-21NextUpdated
$85.00
8/18/2026, 11:39:52 PM
2026-09-18
$95.00
8/18/2026, 11:39:52 PM
2026-11-20
$85.00
8/18/2026, 11:39:52 PM
2027-01-15
$75.00
8/18/2026, 11:39:52 PM
2027-02-19
$82.50
8/18/2026, 11:39:52 PM
Selected expiration: 2026-08-21 at max pain $85.00.
VTR pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
3315250
3315250
55
2000
2820750
2822750
60
4000
2326250
2330250
65
11500
1833750
1845250
67.5
17000
1603000
1620000
70
24500
1373750
1398250
72.5
34250
1144500
1178750
75
44000
925500
969500
77.5
58250
732500
790750
80
77750
554000
631750
82.5
126750
402500
529250
85
190750
251000
441750
87.5
318500
140000
458500
90
571750
33750
605500
92.5
1060000
3750
1063750
95
1732250
0
1732250
97.5
2472750
0
2472750
100
3231000
0
3231000
105
4889500
0
4889500
110
6733000
0
6733000
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.