This page reflects W options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — W
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $95.00 (12.80 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$95.00
Nearest expiry
Expected Move
±$3.98
±3.7%
Days to Expiry
2
Calendar days
Total Call OI
19,851
Nearest expiry
Total Put OI
16,746
Nearest expiry
P/C OI Ratio
0.84
Put-heavy
Spot Price
$107.80
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
$92.00
8/7/2026, 11:40:32 PM
2026-08-14
$101.00
8/14/2026, 11:41:14 PM
2026-08-21NextUpdated
$95.00
8/19/2026, 11:44:15 PM
2026-08-28
$96.00
8/19/2026, 11:44:15 PM
2026-09-04
$110.00
8/19/2026, 11:44:15 PM
2026-09-11
$107.00
8/19/2026, 11:44:15 PM
2026-09-18
$95.00
8/19/2026, 11:44:15 PM
2026-09-25
$102.00
8/19/2026, 11:44:15 PM
2026-11-20
$115.00
8/19/2026, 11:44:15 PM
2026-12-18
$85.00
8/19/2026, 11:44:15 PM
2027-01-15
$75.00
8/19/2026, 11:44:15 PM
2027-02-19
$92.50
8/19/2026, 11:44:15 PM
2027-03-19
$100.00
8/19/2026, 11:44:15 PM
2027-06-17
$97.50
8/19/2026, 11:44:15 PM
Selected expiration: 2026-08-21 at max pain $95.00.
W pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
32.5
0
83510150
83510150
35
0
79325900
79325900
37.5
0
75141650
75141650
40
0
70960150
70960150
42.5
0
66782400
66782400
45
0
62611650
62611650
47.5
0
58448400
58448400
50
1250
54293400
54294650
52.5
7750
50175150
50182900
55
14500
46065900
46080400
57.5
28250
42012400
42040650
60
51250
38049650
38100900
62.5
81750
34164900
34246650
65
250500
30298150
30548650
67.5
464500
26662400
27126900
70
692000
23104900
23796900
72.5
926750
20043400
20970150
74
1100000
18226150
19326150
75
1215500
17016350
18231850
76
1358100
15868450
17226550
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.