This page reflects WING 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 — WING
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $130.00 (15.45 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$8.85
±7.7%
Days to Expiry
3
Calendar days
Total Call OI
4,948
Nearest expiry
Total Put OI
3,550
Nearest expiry
P/C OI Ratio
0.72
Put-heavy
Spot Price
$114.55
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
$150.00
6/18/2026, 11:35:15 PM
2026-07-17
$155.00
7/17/2026, 11:41:38 PM
2026-08-21NextUpdated
$130.00
8/18/2026, 11:37:03 PM
2026-09-18
$155.00
8/18/2026, 11:37:03 PM
2026-11-20
$135.00
8/18/2026, 11:37:03 PM
2026-12-18
$145.00
8/18/2026, 11:37:03 PM
2027-01-15
$165.00
8/18/2026, 11:37:03 PM
2027-03-19
$155.00
8/18/2026, 11:37:03 PM
2027-06-17
$150.00
8/18/2026, 11:37:03 PM
Selected expiration: 2026-08-21 at max pain $130.00.
WING pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
12850000
12850000
90
0
11094500
11094500
95
3500
9357500
9361000
100
7000
7649000
7656000
105
17000
6050500
6067500
110
32000
4522000
4554000
115
65500
3212500
3278000
120
271500
2052500
2324000
125
625000
1206500
1831500
130
1037500
483500
1521000
135
1553500
328500
1882000
140
2173500
210000
2383500
145
2920500
109500
3030000
150
3744500
56000
3800500
155
4714000
17500
4731500
160
5727500
9000
5736500
165
6866500
3500
6870000
170
8096500
1500
8098000
175
9527000
0
9527000
180
11099500
0
11099500
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.