This page reflects VTRS 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 — VTRS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $18.00 (1.83 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$0.50
±3.1%
Days to Expiry
3
Calendar days
Total Call OI
9,427
Nearest expiry
Total Put OI
22,883
Nearest expiry
P/C OI Ratio
2.43
Put-heavy
Spot Price
$16.17
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
$16.00
6/18/2026, 11:38:01 PM
2026-07-17
$15.00
7/17/2026, 11:41:34 PM
2026-08-21NextUpdated
$18.00
8/18/2026, 11:44:05 PM
2026-09-18
$17.00
8/18/2026, 11:44:05 PM
2026-10-16
$16.00
8/18/2026, 11:44:05 PM
2027-01-15
$10.00
8/18/2026, 11:44:05 PM
Selected expiration: 2026-08-21 at max pain $18.00.
VTRS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
8
0
18384900
18384900
9
400
16096600
16097000
10
900
13808300
13809200
11
1900
11520000
11521900
12
3200
9231700
9234900
13
5000
6943500
6948500
14
6800
4662000
4668800
15
8900
2406300
2415200
16
23100
998100
1021200
17
138600
253300
391900
18
356100
1400
357500
19
928600
800
929400
20
1662500
200
1662700
21
2600600
100
2600700
22
3539400
0
3539400
23
4479100
0
4479100
24
5419300
0
5419300
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.